Blink charging announces pricing of its upsized public offering of common stock

Miami beach, fl, feb. 07, 2023 (globe newswire) -- blink charging co . (the “company” or “blink”) (nasdaq: blnk, blnkw), a global leading manufacturer, owner, operator and provider of electric vehicle (ev) charging equipment and networked ev charging services, today announced the pricing of its upsized underwritten registered public offering of 8,333,333 shares of its common stock at a public offering price of $12.00 per share, for total gross proceeds of approximately $100 million. the net proceeds, after underwriting discounts, but before estimated expenses of the offering payable by blink, are expected to be approximately $95 million. all shares of common stock to be sold in the offering will be sold by the company, and the company has granted the underwriter for the offering a 30-day option to purchase up to an additional 1,249,999 shares of common stock. the offering is expected to close on or about february 9, 2023, subject to the satisfaction of customary closing conditions.
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