Blink Charging Co Announces Public Stock Offering

Tip Ranks
2025.12.12 14:28
portai
I'm PortAI, I can summarize articles.

Blink Charging Co announced a public offering of 26,666,666 shares at $0.75 per share, aiming to raise $20 million for expanding its DC Fast Charging network and supporting corporate needs. Insiders, including the CEO and CFO, participated in the offering. H.C. Wainwright & Co. and Roth Capital Partners are co-placement agents. The offering includes restrictions on further stock issuance for 90 days post-closing. Analysts rate BLNK stock as Hold with a $1.00 price target, while Spark's AI Analyst views it as Neutral due to financial challenges.