Car Charging Group, Inc. (OTC: CCGID) (“CarCharging”), one of the leading owners, operators, and providers of electric vehicle (EV) charging services, and the owner of the Blink Network, announced that the Company has changed its name to Blink Charging Co. (“Blink Charging"). The Company has also implemented a 1 for 50 reverse stock split, which is effective today. For the next 20 business days, the Company’s stock symbol will be CCGID and then will revert to CCGI.
The Company’s name change to Blink Charging integrates the Company’s largest operating entity, Blink Network, and represents the thousands of Blink EV charging stations that the Company owns and/or operates, and the Blink network, the software that manages, monitors, and tracks the Blink EV stations and all its charging data.
"Changing the name of the Company to Blink Charging continues our integration efforts and corporate rebranding, which allows us to unify our identity and illustrates the company’s primary products and services," stated Mike Calise, Blink Charging's Chief Executive Officer. "The reverse split is also another step in the right direction towards achieving a listing on a national stock exchange and to build additional shareholder value.”
The Company recently launched its new website, www.BlinkCharging.com, which is the digital representation of the corporate rebranding and integration of CarCharging.com and BlinkNetwork.com.