Blink Charging settles Envoy earn-out with $10M stock and $11M warrants; liability released

Blink Charging Co.

• Issuing $10M in common stock (VWAP over 25 days) and $11M notional warrants to former Envoy equityholders.
• Warrants vest in three tranches: $1.70, $2.10, and $4.85 per share for seven consecutive days each.
• Blink and its subsidiary released from all claims and liabilities under the original Merger Agreement.
• Shares subject to 120-day leak-out: max 2% daily (5% last 30 days) and 20% monthly cap.
• Resale registration statement to be filed within 30 days; effective within 90 days.