Blink charging announces closing of public offering of common stock for total gross proceeds of $232.1 million

Miami beach, fl, jan. 12, 2021 (globe newswire) -- blink charging co. (the “company” or “blink”) (nasdaq: blnk, blnkw), a leading owner, operator and provider of electric vehicle (ev) charging equipment and services, today closed its previously announced underwritten public offering. in the offering, blink sold 5,400,000 shares of its common stock at a public offering price of $41.00 per share, for gross proceeds of $221.4 million. the underwriters also exercised their option in full to purchase an additional 260,000 shares of common stock from the company and 550,000 shares from the chief executive and one other officer of the company, resulting in additional gross proceeds of approximately $10.7 million to the company and $22.6 million to the selling stockholders. the total net proceeds to the company, after underwriting discounts, but before estimated expenses of the offering payable by the company, were approximately $221.6 million.
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