Blink Charging issues 9.7M shares, 3.9M warrants to settle Envoy merger obligation

Blink Charging Co.

• Issued 9,696,882 shares of common stock to former Envoy Technologies equityholders as part of merger amendment.
• Issued warrants to purchase up to 3,898,177 shares at $0.01 per share, vesting upon stock price targets ($1.70, $2.10, $4.85).
• Shares and warrant shares subject to 120-day leak-out: max 2% daily, 20% monthly.
• Registration rights granted; Company to file S-1 within 30 days, use best efforts for effectiveness within 90 days.
• No cash proceeds; satisfies remaining payment obligation under Envoy merger agreement.