State Street discloses 0.5% stake in Blink Charging (517,911 shares)
Rhea-AI Filing Summary
State Street Corporation reports beneficial ownership of 517,911 shares of Blink Charging Co. common stock, representing 0.5% of the class. The filing shows no sole voting or dispositive power and records shared voting power on 508,345 shares and shared dispositive power on 517,911 shares. The statement names State Street Global Advisors Limited and State Street Global Advisors Trust Company as related entities.
The filing includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer. Taken together, the disclosure documents a small, non-controlling stake and clarifies the reported allocation of voting and dispositive authority.
Positive
- None.
Negative
- None.
Insights
TL;DR State Street reports a 0.5% beneficial stake (517,911 shares) with primarily shared voting/dispositive powers; materiality is low.
The reported position of 517,911 shares equals 0.5% of the class, below the 5% threshold that typically demands heightened investor scrutiny. The allocation of shared voting power (508,345) and shared dispositive power (517,911) indicates State Street exercises certain authorities but not sole control. The filing's certification that holdings are in the ordinary course and not intended to influence control further reduces immediate governance implications for BLNK shareholders.
TL;DR Disclosure shows a routine, small position with no declared intent to influence Blink Charging's control and identifies two State Street affiliates.
The schedule identifies the relevant subsidiaries as State Street Global Advisors Limited and State Street Global Advisors Trust Company, with both labeled in the filing. Because the ownership is expressly stated to be held in the ordinary course and is 0.5% of the class, the filing provides transparency without signaling a change in board control or a proxy contest. Governance impact is therefore limited based on the information provided.