SHORT SELLERS ATTACK BLINK CHARGING WITH FALSE, MANIPULATIVE AND DEFAMATORY REPORTS
August 20 2020 - 2:26PM
Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the
“Company”), today issued the following statement in response to
market activity in its common stock.
The Company has become aware of false,
defamatory, and anonymous reports posted on August 19, 2020. We
believe these “reports” were intended to manipulate our stock price
downward in support of short sellers. Blink Charging categorically
denies the allegations and their implications.
Blink Charging will defend itself vigorously
against these false allegations and is also reviewing all legal
options at its disposal to hold the author(s) and the sponsors of
these reports responsible for the baseless attack, which has, as of
this press release, caused its stock to decrease. Shareholders are
cautioned against reacting to the false statements being made,
demonstrating a lack of understanding of the Company and its
multiple deployment models. We stand by the data provided and
described in detail in our public filings, and we urge all
investors to review those filings.
We are in the process of reporting this
manipulation to the appropriate regulators and have retained the
Ashcroft Firm, chaired by former Attorney General John Ashcroft, to
investigate this matter and take all available legal recourses.
###
About Blink ChargingBlink
Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle
(EV) charging equipment and has deployed over 23,000 charging
stations, many of which are networked EV charging stations,
enabling EV drivers to easily charge at any of the Company’s
charging locations worldwide. Blink Charging’s principal line of
products and services include its Blink EV charging network (“Blink
Network”), EV charging equipment, and EV charging services. The
Blink Network uses proprietary, cloud-based software that operates,
maintains, and tracks the EV charging stations connected to the
network and the associated charging data. With global EV purchases
forecasted to rise to 10 million vehicles by 2025 from
approximately 2 million in 2019, the Company has established key
strategic partnerships for rolling out adoption across numerous
location types, including parking facilities, multifamily
residences and condos, workplace locations, health care/medical
facilities, schools and universities, airports, auto dealers,
hotels, mixed-use municipal locations, parks and recreation areas,
religious institutions, restaurants, retailers, stadiums,
supermarkets, and transportation hubs. For more information, please
visit https://www.blinkcharging.com/.
Forward-Looking Statements
This press release contains forward-looking
statements as defined within Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These forward-looking statements, and terms such
as “anticipate,” “expect,” “intend,” “may,” “will,” “should” or
other comparable terms, involve risks and uncertainties because
they relate to events and depend on circumstances that will occur
in the future. Those statements include statements regarding the
intent, belief or current expectations of Blink Charging and
members of its management, as well as the assumptions on which such
statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, including those
described in Blink Charging’s periodic reports filed with the SEC,
and that actual results may differ materially from those
contemplated by such forward-looking statements. Except as required
by federal securities law, Blink Charging undertakes no obligation
to update or revise forward-looking statements to reflect changed
conditions.
Blink Media
Contact PR@BlinkCharging.com
Blink Investor Relations
Contact IR@BlinkCharging.com855-313-8187
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