Amended Annual Report (10-k/a)
May 11 2020 - 4:07PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
10-K/A
(Amendment
No. 1)
[X]
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For
the fiscal year ended December 31, 2019
OR
[ ]
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For
the transition period from _____________ to _____________
Commission
File No. 001-38392
BLINK
CHARGING CO.
(Exact
name of registrant as specified in its charter)
Nevada
|
|
03-0608147
|
(State
or other jurisdiction
of incorporation or organization)
|
|
(I.R.S. Employer
Identification No.)
|
|
|
|
407
Lincoln Road, Suite 704
|
|
|
Miami
Beach, Florida
|
|
33139-3024
|
(Address
of principal executive offices)
|
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (305) 521-0200
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class
|
|
Trading
Symbol(s)
|
|
Name
of Each Exchange on Which Registered
|
Common
Stock
|
|
BLNK
|
|
The
NASDAQ Stock Market LLC
|
Common
Stock Purchase Warrants
|
|
BLNKW
|
|
The
NASDAQ Stock Market LLC
|
Securities
registered pursuant to Section 12(g) of the Act: None
Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes [ ]
No [X]
Indicate
by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes [ ]
No [X]
Indicate
by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]
Indicate
by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant
to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that
the registrant was required to submit such files). Yes [X] No [ ]
Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a smaller reporting company, or an emerging
growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller
reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
|
Large
accelerated filer
|
[ ]
|
Accelerated
filer
|
[ ]
|
|
Non-accelerated
filer
|
[X]
|
Smaller
reporting company
|
[X]
|
|
|
|
Emerging
growth company
|
[ ]
|
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes [ ] No [X]
State
the aggregate market value of the voting and non-voting common equity held by non-affiliates (19,530,452 shares) computed by reference
to the price at which the common equity was last sold ($2.68) as of the last business day of the registrant’s most recently
completed second fiscal quarter (June 30, 2019): $52,341,611.
As
of May 8, 2020, the registrant had 28,080,258 outstanding shares of common stock.
Documents
Incorporated by Reference: None.
EXPLANATORY
NOTE
Blink
Charging Co. (the “Company”) is filing this Amendment No. 1 (the “Amendment”) to the Annual Report on
Form 10-K, filed on April 2, 2020 (the “Original Form 10-K”), solely to disclose that the Company had filed the Original
Form 10-K after the March 30, 2020 deadline applicable to the Company for the filing of a Form 10-K in reliance on the 45-day
extension provided by an order issued by the U.S. Securities and Exchange Commission (the “SEC”) under Section 36
of the Securities Exchange Act, as amended (the “Exchange Act”), of 1934 Modifying Exemptions From the Reporting and
Proxy Delivery Requirements for Public Companies, dated March 25, 2020 (Release No. 34-88465) (the “Order”).
On
March 30, 2020, the Company filed a Current Report on Form 8-K to indicate its intention to rely on the Order for such extension.
Consistent with the Company’s statements made in the Form 8-K, the Company was unable to file the Original Form 10-K until
April 2, 2020 because the Company’s operations and business have experienced significant disruptions due to the unprecedented
conditions surrounding the recent global outbreak of Covid-19. The Company has been following the recommendations of local government
and health authorities to minimize exposure risk for its employees, including the temporary closures of its offices and having
employees work remotely. Specifically, the Company relied on the Order due to the limited availability of key Company personnel
required to assess the impacts of significant subsequent events required to finalize the Original Form 10-K due to suggested,
and mandated, social quarantining and work from home orders. Additionally, the Company’s management team was not able to
devote the requisite time and attention to prepare and finalize the Original Form 10-K prior to the deadline of March 30, 2020,
as it has had to address the emergent business and operational issues resulting from Covid-19.
In
addition, as required by Rule 12b-15 under the Exchange Act, the Company is including in this Amendment certifications from its
Chief Executive Officer and Chief Financial Officer as required by Rule 13a-14(a) or Rule 15d-14(a) of the Exchange Act as exhibits
to this Amendment. Because no financial statements have been included in this Amendment and this Amendment does not contain or
amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4 and 5 of the certifications have been
omitted. We are not including the certifications under Section 906 of the Sarbanes-Oxley Act of 2002 as no financial statements
are being filed with this Amendment.
Except
as described above, this Amendment does not modify or update disclosures in, or exhibits to, the Original Form 10-K. Furthermore,
this Amendment does not change any previously reported financial results, nor does it reflect events occurring after the filing
of the Original Form 10-K. Accordingly, this Amendment should be read in conjunction with the Original Form 10-K and the Company’s
filings with the SEC subsequent to the filing of the Original Form 10-K.
PART
IV
ITEM
15.
|
EXHIBITS,
FINANCIAL STATEMENT SCHEDULES.
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SIGNATURES
Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.
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BLINK CHARGING CO.
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|
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Date: May 11, 2020
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By:
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/s/ Michael D. Farkas
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Michael D. Farkas
|
|
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Chairman of the Board and Chief Executive Officer
(Principal Executive Officer)
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Date: May 11, 2020
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By:
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/s/ Michael P. Rama
|
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Michael P. Rama
|
|
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Chief Financial Officer
(Principal Financial and Accounting Officer)
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