Blink Charging Co.
08/22/2023
The law firm of Kirby McInerney LLP is investigating potential claims against Blink Charging Co. (“Blink” or the “Company”) (NASDAQ: BLNK). The investigation concerns whether Blink and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
Blink develops electronic vehicle charging stations for building owners, parking garages, municipalities, sporting venues, and other public areas.
On August 9, 2023, Blink disclosed that it received a subpoena from the U.S. Securities and Exchange Commission (“SEC”) requesting the “production of documentation and other information since January 1, 2020, relating to various subjects, including executive departures, related-party transactions, number of EV charging stations, and other discrete disclosure matters.” The Company further disclosed that it is “unable to predict what the timing or the outcome of the SEC investigation may be or what, if any, consequences the SEC investigation may have” on Blink. On this news, the price of Blink shares declined by $0.97 per share, or approximately 14.1%, from $6.86 per share to close at $5.89 on August 10, 2023.
Blink develops electronic vehicle charging stations for building owners, parking garages, municipalities, sporting venues, and other public areas.
On August 9, 2023, Blink disclosed that it received a subpoena from the U.S. Securities and Exchange Commission (“SEC”) requesting the “production of documentation and other information since January 1, 2020, relating to various subjects, including executive departures, related-party transactions, number of EV charging stations, and other discrete disclosure matters.” The Company further disclosed that it is “unable to predict what the timing or the outcome of the SEC investigation may be or what, if any, consequences the SEC investigation may have” on Blink. On this news, the price of Blink shares declined by $0.97 per share, or approximately 14.1%, from $6.86 per share to close at $5.89 on August 10, 2023.