Blink Charging Co. (NASDAQ: BLNK) priced a public offering of 26,666,666 shares of its common stock at $0.75 per share, raising approximately $20 million in gross proceeds. The offering is expected to close on or about December 12, 2025, subject to customary closing conditions.
The company will use the net proceeds primarily to fund capital expenditures for expanding its owned and operated DC fast‑charging network and to support working capital and general corporate requirements. The $0.75 per share price represents a significant discount to the company’s market value, a factor that has heightened investor concern about dilution and valuation.
Blink’s equity raise follows a prior offering announced on December 4, 2025, in which the company sought up to 14,814,814 shares at $1.35 per share. The back‑to‑back nature of these issuances has amplified market anxiety about share dilution, as the combined issuance increases the total share count by more than 40 million shares in a short period.
Financially, Blink reported Q3 2025 revenue of $27 million, a 7.3% year‑over‑year increase that fell short of analyst expectations of $30.8 million. Gross margin stood at 35.8%, driven by a 36% rise in service revenue to $11.9 million and a 13 million product revenue, reflecting a favorable mix toward higher‑margin services. Management highlighted that the company’s focus on “higher quality revenue leading to stronger margins” and a shift to contract manufacturing underpins the margin improvement, even as operating expenses remain elevated and the company posted a negative net loss.
The market reacted negatively to the announcement, with investors citing the substantial share dilution and the discounted offering price as primary concerns. The broader EV‑infrastructure sector has been experiencing uncertainty in demand growth, further dampening sentiment toward Blink’s expansion plans.
In summary, the equity offering provides Blink with the liquidity needed to accelerate its DC fast‑charging network, but the dilution risk and discount to market value have weighed on investor confidence. The company’s recent financial performance—moderate revenue growth, improving margins, and ongoing operating losses—underscores the need for additional capital while highlighting the challenges of scaling in a competitive EV‑infrastructure market.
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