Blink charging announces pricing of its public offering of common stock for gross proceeds of $221.4 million

Miami beach, fl, jan. 08, 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, announced today the pricing of its previously announced underwritten registered public offering of 5,400,000 shares of its common stock at a public offering price of $41.00 per share, for total gross proceeds of approximately $221.4 million. the net proceeds, after underwriting discounts, but before estimated expenses of the offering payable by blink, are expected to be approximately $211.4 million. all shares of common stock to be sold in the offering will be sold by the company, except that certain selling stockholders, together with the company, will grant the underwriter for the offering a 30-day option to purchase up to 15% of the shares of common stock in the offering. the offering is expected to close on or about january 12, 2021, subject to the satisfaction of customary closing conditions.
BLNK Ratings Summary
BLNK Quant Ranking