Blink Charging Co. (NASDAQ: BLNK) announced the pricing of a public offering of 26,666,666 shares of its common stock at $0.75 per share.
The offering is expected to raise approximately $20 million in gross proceeds for the company.
Proceeds will be used primarily for expanding the owned and operated DC Fast Charging network and supporting working capital and general corporate requirements.
Public Offering Details
26,666,666 shares priced at $0.75 per share, expecting to raise $20 million.
Use of Proceeds
Funding capital expenditures to expand the charging network and for general corporate requirements.
Exclusive Co-Placement Agents
H.C. Wainwright & Co. and Roth Capital Partners are acting as co-placement agents for the offering.
- The offering will strengthen Blink Charging Co.'s financial position through the infusion of $20 million in gross proceeds.
- Expansion of the DC Fast Charging network will enhance the company's infrastructure for electric vehicle charging services.
Blink Charging Co's public offering signifies a strategic move to enhance its charging network infrastructure and support its growth in the electric vehicle market.