Blink Charging Co. (NASDAQ: BLNK, BLNKW) (“Blink Charging” or the “Company”), a leading owner, operator, and provider of electric vehicle (EV) charging services, announced that the Company rang the Opening Bell at the Nasdaq Stock Market yesterday, February 22, 2018 at 9:30am ET. Executive Chairman and Founder, Michael D. Farkas, and Chief Executive Officer, Mike Calise, along with the Company’s Board of Directors and other senior executives and professional service providers participated in the bell ringing ceremony.
This announcement follows shortly after the Company’s listing and trading on the Nasdaq Capital Market under the symbols BLNK and BLNKW and the closing of its previously announced underwritten public offering with aggregate gross proceeds to Blink Charging of $18,500,250, prior to deducting underwriting discounts, commissions, and other estimated offering expenses.
“It was truly an exciting day for Blink Charging in that we were finally able to celebrate our long-standing goal of being listed on NASDAQ by ringing the opening bell,” stated Blink Charging’s Founder and Executive Chairman, Michael D. Farkas. “We view this as an important milestone for the industry as a whole and a critical step towards making electric vehicles the norm in this country, not the exception. Electric vehicles are the future and now with this new chapter in Blink Charging’s history, we can work to bring the future to today.”
Going forward and with the net proceeds from the public offering, Blink Charging intends to use the funding to:
Expand its product offerings,
Complete and accelerate the launch of the next generation of equipment,
Deploy additional EV charging stations,
Increase its sales force and enter new markets,
Grow investor outreach and relations, and
Strengthen its balance sheet.
About Blink Charging
Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle (EV) charging equipment that has deployed over 23,000 charging stations, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of its charging locations worldwide. The Company’s principal line of products and services is its Blink EV charging network (“Blink Network”), EV charging equipment, and EV charging services. The Blink Network utilizes a proprietary cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. With global EV purchases forecasted to rise to 10 million by 2025 from approximately 2 million in 2019, the Company has established key strategic partnerships to roll out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, healthcare/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs. For more information, please visit https://blinkcharging.com/.
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, and terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should” or other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief or current expectations of Blink Charging and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in Blink Charging’s periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink Charging undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.