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Blink stock dives after upsized offering priced at a discount of more than 10%

Tomi Kilgore
·1 min read
Blink stock dives after upsized offering priced at a discount of more than 10%

Shares of Blink Charging Co. (BLNK) dove 8.4% in premarket trading Tuesday, after the electric vehicle (EV) charging company’s upsized equity offering priced at a 13.4% discount. The company sold 8.33 million shares of common stock at a price of $12 a share, which compared with the Monday closing price of $13.86. Blink said it plans to use the proceeds from the stock sale to fund EV charging station deployments, to finance potential acquisitions and for working capital.

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