Blink charging announces closing of public offering of common stock for gross proceeds of $100 million

Miami beach, fl, feb. 09, 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 closed its previously announced underwritten registered public offering. in the offering, blink sold 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. in addition, the underwriters have a 30-day option to purchase up to an additional 1,249,999 shares of common stock from the company at the public offering price, less the underwriting discounts and commissions. the total net proceeds, after underwriting discounts and commissions, but before estimated expenses of the offering payable by the company, were approximately $95.0 million.
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