Blink Charging Co. (NASDAQ: BLNK, BLNKW) (“Blink Charging” or the “Company”), a leading owner, operator, and provider of electric vehicle (EV) charging services, announced that the Company rang the Opening Bell at the Nasdaq Stock Market yesterday, February 22, 2018 at 9:30am ET. Executive Chairman and Founder, Michael D. Farkas, and Chief Executive Officer, Mike Calise, along with the Company’s Board of Directors and other senior executives and professional service providers participated in the bell ringing ceremony.
This announcement follows shortly after the Company’s listing and trading on the Nasdaq Capital Market under the symbols BLNK and BLNKW and the closing of its previously announced underwritten public offering with aggregate gross proceeds to Blink Charging of $18,500,250, prior to deducting underwriting discounts, commissions, and other estimated offering expenses.
“It was truly an exciting day for Blink Charging in that we were finally able to celebrate our long-standing goal of being listed on NASDAQ by ringing the opening bell,” stated Blink Charging’s Founder and Executive Chairman, Michael D. Farkas. “We view this as an important milestone for the industry as a whole and a critical step towards making electric vehicles the norm in this country, not the exception. Electric vehicles are the future and now with this new chapter in Blink Charging’s history, we can work to bring the future to today.”
Going forward and with the net proceeds from the public offering, Blink Charging intends to use the funding to:
Expand its product offerings,
Complete and accelerate the launch of the next generation of equipment,
Deploy additional EV charging stations,
Increase its sales force and enter new markets,
Grow investor outreach and relations, and
Strengthen its balance sheet.