Blink Charging Announces Pricing of $20 Million Public Offering of Common Stock

Core Viewpoint - Blink Charging Co. has announced a public offering of 26,666,666 shares at a price of $0.75 per share, aiming to raise approximately $20 million to fund capital expenditures and support working capital [1][3]. Group 1: Offering Details - The public offering is expected to close on or about December 12, 2025, pending customary closing conditions [1]. - H.C. Wainwright & Co. and Roth Capital Partners are the exclusive co-placement agents for the offering [2]. - The gross proceeds from the offering are anticipated to be around $20 million before deducting fees and expenses [3]. Group 2: Use of Proceeds - The net proceeds from the offering will primarily be used to expand the company's owned and operated DC Fast Charging network [3]. - Additional funds will support the company's working capital and general corporate requirements [3]. Group 3: Company Overview - Blink Charging Co. is a leader in electric vehicle charging equipment and services, facilitating the transition to electric transportation through innovative solutions [6]. - The company's offerings include EV charging networks, equipment, and services, utilizing proprietary cloud-based software for operation and maintenance [6]. - Blink Charging has established strategic partnerships for deploying charging solutions across various locations, including parking facilities, workplaces, and transportation hubs [6].