CHPT Shareholder Update: Johnson Fistel Encourages Chargepoint Investors With Over $250,000 in Losses to Seek Counsel Before Lead Plaintiff Class Action Deadline

SAN DIEGO, Dec. 19, 2023 (GLOBE NEWSWIRE) — Johnson Fistel, LLP notifies investors of ChargePoint Holdings, Inc. (“ChargePoint” or the “Company”) (NYSE: CHPT) a securities class action lawsuit has been filed. The lawsuit seeks to recover losses on behalf of investors who acquired securities between June 1, 2023 and November 16, 2023. Investors have until January 29, 2024, to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Complaint Allegations: The ChargePoint class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) ChargePoint was experiencing higher component costs and supply overruns for first generation DC charging products; (ii) as a result, ChargePoint was likely to incur impairment charges; and (iii) consequently, ChargePoint’s profitability would be adversely impacted.

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What can Investors Do: Shareholders who incurred losses during the class period, have until January 29, 2024, to move the court to become a lead plaintiff in this action. A lead plaintiff will act on behalf of all other class members in directing the class-action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class-action lawsuit. An investor’s ability to share any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.

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Johnson Fistel, LLP
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James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
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