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Blink Charging Completes $254.6M Public Offering

January 12, 2021

Olshan acted as counsel to Blink Charging Co. (Nasdaq: BLNK), a leading owner, operator and provider of electric vehicle charging equipment and services, and certain selling stockholders including its chairman and chief executive officer, in its $254.6 million public offering. The offering consisted of 5,660,000 shares of common stock sold by Blink and 550,000 shares sold by selling stockholders, including the full exercise of the underwriters’ purchase option, at a price to the public of $41.00 per share, less underwriting discounts and commissions. The proceeds of the offering will be used by Blink to fund electric vehicle charging station deployment and finance the costs of acquiring other businesses and technologies as a part of its growth strategy. Blink has to date deployed more than 23,000 charging stations, many of which are networked with proprietary cloud-based software, enabling electric vehicle drivers to easily locate and charge at any of Blink’s charging stations worldwide.

Barclays Capital Inc. acted as the lead book-running manager for the public offering. H.C. Wainwright & Co., Roth Capital Partners and ThinkEquity acted as co-managers.

The public offering was made pursuant to an automatic shelf registration filed with the SEC by Blink Charging, which qualified as a well-known seasoned issuer (WKSI) with a non-affiliate public float in excess of $1 billion, while also uniquely being a non-accelerated smaller reporting company filer.

The Olshan team was led by corporate partner Spencer G. Feldman and included corporate partner Kenneth A. Schlesinger, with assistance from paralegal Louis J. Marasco Jr. 

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