Blink Charging Co. Announces Notification from Nasdaq regarding late filing of Form 10-K
Rhea-AI Summary
Blink Charging Co. (NASDAQ: BLNK) has received a notification letter from Nasdaq dated April 2, 2025, regarding its non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Form 10-K for the year ended December 31, 2024.
The company must submit a compliance plan to Nasdaq within 60 calendar days. If accepted, Nasdaq may grant an extension of up to 180 calendar days from the original due date, until September 29, 2025. Blink states it is working diligently to complete and file the Form 10-K to regain compliance.
Positive
- None.
Negative
- Failure to file Form 10-K on time indicates potential internal control or accounting issues
- Risk of potential Nasdaq delisting if compliance is not achieved
- Regulatory non-compliance may impact investor confidence and stock value
News Market Reaction
On the day this news was published, BLNK gained 0.50%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Bowie, MD., April 08, 2025 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global owner, operator, provider, and manufacturer of electric vehicle (EV) charging equipment and services, announced today it received a letter from the Nasdaq Stock Market LLC (“Nasdaq”), dated April 2, 2025, informing the Company that it no longer complies with Nasdaq Listing Rule 5250(c)(1) because Blink had not filed its Form 10-K for the year ended December 31, 2024 (the “Form 10-K”) by the time period prescribed by Securities and Exchange Commission rules.
Under Nasdaq’s Listing Rules, the Company must submit a plan to regain compliance with Nasdaq within 60 calendar days of the date of the letter. If Blink’s plan is accepted, then Nasdaq can grant an exception of up to 180 calendar days from the date that the Form 10-K should have been filed, or September 29, 2025. Nasdaq’s Listing Rules also require that the Company make a public announcement disclosing receipt of the notification letter by issuing a press release within four business days of the date of that letter.
The Company continues to work diligently to complete the Form 10-K and plans to file the Form 10-K as promptly as possible to regain compliance with the Nasdaq rule.
Additional information about the notification letter from Nasdaq, dated April 2, 2025, can be found in the Company’s Form 8-K filed with the SEC on April 8th, 2025, which is available free of charge at the SEC’s website, www.sec.gov.
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About Blink Charging
Blink Charging Co. (Nasdaq: BLNK) is a global leader in electric vehicle (EV) charging equipment and services, enabling drivers, hosts, and fleets to transition to electric transportation through innovative charging solutions easily. Blink’s principal line of products and services include Blink’s EV charging network (“Blink Network”), EV charging equipment, and EV charging services. The Blink Network utilizes proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. Blink has established key strategic collaborations 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://blinkcharging.com/
Blink Investor Relations Contact
Vitalie Stelea
IR@BlinkCharging.com
305-521-0200 ext. 446
Blink Media Contact
Nipunika Coe
PR@BlinkCharging.com
305-521-0200 ext. 266
FAQ
What is the deadline for Blink Charging (BLNK) to submit its compliance plan to Nasdaq?
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What Nasdaq rule did Blink Charging (BLNK) violate?
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