2023-08-10 07:20:57 ET
Blink Charging Co. ( NASDAQ: BLNK ) disclosed in a SEC filing that it received an SEC subpoena in July. The company said it is cooperating with the regulator.
The subpoena from the SEC requested 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.
Blink Charging ( BLNK ) said it is in the process of responding to the subpoena.
"At this point, we are 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 us. We can provide no assurances as to the outcome of the SEC investigation."
Shares of Blink Charging ( BLNK ) fell 4.15% in premarket trading on Thursday after gaining more than 11% on Wednesday following the release of the Q2 earnings report. Blink Charging ( BLNK ) called Q2 the strongest quarter in its history, with the strength of its full service offering lining up with a market that is just beginning to see a growth trajectory. The company reported revenue jumped 185.5% year-over-year during the quarter to $32.8M.
More on Blink Charging:
- Blink Charging earnings call transcript
- Growth metrics on Blink Charging
- Valuation metrics on Blink Charging
- Seeking Alpha's Quant Rating for Blink Charging
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Blink Charging discloses that it received an SEC subpoena