Blink Charging prices upsized public offering of 8.33M shares at $12.00, gross ~$100M

Blink Charging Co.

Offering of 8,333,333 shares at $12.00/share; gross proceeds ~$100M, net ~$95M.
Underwriters granted 30-day option to buy up to 1,249,999 additional shares.
Net proceeds to fund EV charging deployments, acquisitions, working capital.
Barclays sole book-runner; H.C. Wainwright, Roth Capital, ThinkEquity co-managers.
Closing expected Feb 9, 2023, subject to customary conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Blink Charging Co. entered into Underwriting Agreement with Barclays Capital Inc., as representative of the several underwriters valued at approximately $95 million in net proceeds (effective 2023-02-06).

Action: entry
Agreement: underwriting
Counterparty: Barclays Capital Inc., as representative of the several underwriters
Value: approximately $95 million in net proceeds
Effective: 2023-02-06

Exact text from the filing

On February 6, 2023, Blink Charging Co., a Nevada corporation (the “Company”), entered into an underwriting agreement (the “Underwriting Agreement”) with Barclays Capital Inc., as representative of the several underwriters (the “Underwriters”), relating to the underwritten public offering of 8,333,333 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at a public offering price of $12.00 per share (the “Offering”).

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Blink Charging Co. filing history →

Source: SEC EDGAR

accession 0001493152-23-003879

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