ChargePoint, a provider of an open electric vehicle charging network, announced that Antara Capital would invest $300 million in the company by purchasing convertible senior notes to accelerate the company’s growth. The transaction is expected to close on April 12, 2022. Under the terms of investment, Antara Capital will purchase a total aggregate principal amount of $300 million in 3.5/5% convertible senior notes due 2027. The notes will be convertible at an initial conversion price to be determined before closing. The initial conversion price will represent a 30% premium to ChargePoint’s volume-weighted average price over a pre-determined period between this announcement and closing. Upon any conversion, ChargePoint will have the right to elect settlement in cash, shares, or any combination thereof in its sole discretion.