Blink Charging Co. - BLNK STOCK NEWS

Blink Charging Co. supports the Biden-Harris Administration's new standards for a Made-in-America National Network of Electric Vehicle Chargers. CEO Michael D. Farkas emphasized the recognition of Blink's efforts to expand U.S. manufacturing capabilities, expressing commitment to collaborate with government partners to enhance EV infrastructure across the nation. Blink Charging has deployed nearly 66,000 charging ports in 27 countries and aims to facilitate EV adoption as global purchases rise to an estimated 10 million vehicles by 2025. The company operates a proprietary cloud-based Blink Network for managing its charging stations.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) will announce its Q4 and year-end 2022 financial results on February 28, 2023, after market close. A conference call and webcast will be held at 4:30 p.m. ET to discuss the results. Investors can access the live webcast on the Blink Charging website or through a dedicated link.

To join the call by phone, dial (888) 506-0062 for U.S. callers or (973) 528-0011 for international callers. A replay will be available until March 30, 2023. Blink has deployed over 66,000 charging ports in 27 countries and anticipates growth in EV purchases, aiming to enhance accessibility for EV drivers.

Blink Charging Co. (NASDAQ: BLNK, BLNKW) has partnered with Hertz to offer free EV charging for customers renting electric vehicles in the greater Phoenix area during a major sporting event. From now until February 14, renters from participating Hertz locations will receive a Blink activation card, allowing them complimentary access to Blink's extensive network of Level 2 and DC Fast Chargers. Hertz expects to rent about 500 EVs for the event, promoting a transition to electric vehicles. Blink supports this initiative with a large local network, enhancing EV accessibility and convenience for travelers.

Blink Charging Co (Nasdaq: BLNK, BLNKW) has successfully closed its underwritten public offering, selling 8,333,333 shares of common stock at a price of $12.00 per share, generating gross proceeds of approximately $100 million. After underwriting discounts, the net proceeds are expected to be about $95 million. The funds will be used for deploying EV charging stations, acquiring competitive businesses, products, and technologies, as well as for general corporate purposes. Barclays acted as the sole book-running manager for the offering, with additional co-managers involved.

Blue Corner, a subsidiary of Blink Charging Company (Nasdaq: BLNK, BLNKW), has announced a 10-year collaboration with BluePoint to install 280 EV charging ports across Belgium. This initiative aims to support 2,000 member companies of AGORIA, a technology trade federation. The phased installation of the fast Level 2 chargers will commence over the next few years, addressing the rising demand for EV charging as sales grow. The EQ 200, a state-of-the-art charger developed by Blink Charging, will feature advanced functionalities such as Plug & Charge capability and connectivity with Home Energy Management Systems, contributing to a more sustainable future.

Blink Charging Co (Nasdaq: BLNK, BLNKW) announced the pricing of its upsized public offering of 8,333,333 shares at $12.00 per share, totaling approximately $100 million in gross proceeds. The expected net proceeds after underwriting discounts are around $95 million. The offering will close around February 9, 2023. Blink plans to utilize the funds for expanding EV charging stations, acquiring competitive businesses, and other corporate purposes. Barclays is the sole manager of the offering, with co-managers H.C. Wainwright & Co., Roth Capital Partners, and ThinkEquity involved.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced plans to offer and sell up to $75 million of its common stock in an underwritten registered public offering, with an additional 15% available for the underwriter. The offering, subject to market conditions, aims to fund EV charging station deployments, invest in complementary businesses, and support general corporate purposes. Barclays acts as the lead book-running manager. This offering will comply with the SEC regulations and is based on a previously filed shelf registration statement.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has taken decisive steps to combat suspected illegal trading activities, including naked short selling, which the company believes have negatively impacted its stock price. The firm has engaged Shareholder Intelligence Services to investigate unusual trading patterns and monitor shareholder ownership. Blink suspects its actual short position may exceed 30% as reported to FINRA. This action aims to protect shareholder investments and address market manipulation. Blink joins other public companies in this initiative, emphasizing the importance of integrity in the capital markets.

Blink Charging Co. (NASDAQ: BLNK, BLNKW) has entered a national supplier agreement with Vizient, a major healthcare performance improvement company. This agreement enables Vizient members, representing over $130 billion in annual purchasing volume, to access Blink's EV charging stations and services. Members will benefit from negotiated pricing and various charging configurations, including DC fast chargers and wall-mounted options. Blink's flexible business models and commitment to customer service aim to enhance EV adoption and support Vizient's healthcare facilities with advanced charging technology.