Blink Charging Announces Closure of SEC Investigation with No Enforcement Action

Bowie, Maryland, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Blink Charging Co (NASDAQ:). (Blink oregon the Company) (Nasdaq: BLNK), a starring owner, operator, provider, and shaper of electrical conveyance (EV) charging instrumentality and services, contiguous announced that it received written announcement from the Securities and Exchange Commission (SEC) that the SEC has concluded the antecedently disclosed probe of the Company, and the SEC does not mean to urge an enforcement enactment against the Company.

We are pleased to determination guardant from this longstanding bequest issue, which started successful July 2023, said Aviv Hillo, Blink's General Counsel and Executive Vice President of Mergers & Acquisitions. Concluding this SEC substance not lone provides closure but besides eliminates a root of ineligible expense, contributing to a further simplification successful our operating costs.

The closure of this substance represents different milestone for Blink arsenic our corporate squad works to physique a world-class enactment serving our customers crossed the globe, said Mike Battaglia, Blink's existent Chief Operating Officer and CEO Elect (effective February 1, 2025). Resolving this contented allows the institution to further absorption connected executing our halfway strategy and march toward profitability.

About Blink Charging

Blink Charging Co. (Nasdaq: BLNK) is simply a planetary person successful electrical conveyance (EV) charging instrumentality and services, enabling drivers, hosts, and fleets to easy modulation to electrical proscription done innovative charging solutions. Blink's main enactment of products and services see Blink's EV charging networks (Blink Networks), EV charging equipment, and EV charging services. Blink Networks usage proprietary, cloud-based bundle that operates, maintains, and tracks the EV charging stations connected to the web and the associated charging data. Blink has established cardinal strategical partnerships for rolling retired adoption crossed galore determination types, including parking facilities, multifamily residences and condos, workplace locations, wellness care/medical facilities, schools and universities, airports, car dealers, hotels, mixed-use municipal locations, parks and recreation areas, spiritual institutions, restaurants, retailers, stadiums, supermarkets, and proscription hubs.

For much information, delight sojourn https://blinkcharging.com/.

Forward-Looking Statements

This property merchandise contains forward-looking statements arsenic defined wrong Section 27A of the Securities Act of 1933, arsenic amended, and Section 21E of the Securities Exchange Act of 1934, arsenic amended. These forward-looking statements, and presumption specified arsenic anticipate, expect, intend, may, will, should oregon different comparable terms, impact risks and uncertainties due to the fact that they subordinate to events and beryllium connected circumstances that volition hap successful the future. These statements see statements regarding the intent, belief, oregon existent expectations of Blink and members of its management, arsenic good arsenic the assumptions connected which specified statements are based. Prospective investors are cautioned that immoderate specified forward-looking statements are not guarantees of aboriginal show and impact risks and uncertainties, including the anticipation that its planned outgo simplification actions volition not effect successful the operational efficiencies arsenic anticipated by absorption and the hazard factors described successful Blink's periodic reports filed with the SEC and that existent results whitethorn disagree materially from those contemplated by specified forward-looking statements. Except arsenic required by national securities law, Blink Charging undertakes nary work to update oregon revise forward-looking statements to bespeak changed conditions.

Blink Investor Relations Contact  
Vitalie Stelea
IR@BlinkCharging.com
305-521-0200 ext. 446

Blink Media Contact  
Nipunika Coe
PR@BlinkCharging.com
305-521-0200 ext. 266