8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 15, 2019

BLINK CHARGING CO.

(Exact name of registrant as specified in its charter)

Nevada	001-38392	03-0608147
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

407 Lincoln Road, Suite 704 Miami Beach, Florida	33139
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (305) 521-0200

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[  ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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. [  ]

CURRENT REPORT ON FORM 8-K

Blink Charging Co.

May 15, 2019

Item 2.02. Results of Operations and Financial Condition.

On May 15, 2019, Blink Charging Co. (the “Company”) issued a press release announcing the Company’s financial results for the quarter ended March 31, 2019. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The information in Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. This information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference therein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number	Description
Exhibit 99.1	Press Release dated May 15, 2019.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BLINK CHARGING CO.
Dated: May 15, 2019	By:	/s/ Michael D. Farkas
	Name:	Michael D. Farkas
	Title:	Executive Chairman and Chief Executive Officer

EX-99.1

Exhibit 99.1

 

Blink Charging Announces First Quarter 2019 Financial Results

Leading Provider of Electric Vehicle Charging Equipment and Networked Charging Services Announces Results for the Quarter ended March 31, 2019

MIAMI BEACH, FL (May 15, 2019): Blink Charging Co. (NASDAQ: BLNK, BLNKW) (“Blink” or the “Company”), a leading owner, operator and provider of electric vehicle (EV) charging station products and networked EV charging services, today announced unaudited financial results for the quarter ended March 31, 2019.

First Quarter 2019 Highlights:

● Net loss attributable to common shareholders for the quarter ended March 31, 2019 was $1.9 million, or $0.07 per share, versus a loss of $21.9 million, or $2.58 per share, for the quarter ended March 31, 2018. Blink’s net loss attributable to common shareholders improved by $20 million, or 91%, between 2019 and 2018 primarily due to no deemed dividend for the quarter ended March 31, 2019 versus the quarter ended March 31, 2018 and lower operating expenses offset by lower other income for the quarter ended March 31, 2019 versus the quarter ended March 31, 2018.

● Total liabilities were $4.8 million at March 31, 2019 versus $5.6 million at December 31, 2018 reflecting a decrease of $0.8 million or a 14% reduction in total liabilities during the first quarter of 2019, primarily as a result of lower notes payable, accounts payable and accrued expenses in the current period versus December 31, 2018.

● Blink’s electric vehicle charging network had approximately 146,567 registered members as of March 31, 2019 as compared to approximately 141,165 registered members as of March 31, 2018, representing a 4% increase year over year in registered network members.

Michael D. Farkas, Chairman and Chief Executive Officer, stated “We are pleased with our performance from the first quarter indicating continued improvement in our network charging revenue, increase in charging members and strategic initiatives to lead us into the next several quarters.”

During the first quarter of 2019, Blink successfully accomplished the following:

○

Completed our pilot program for the Blink IQ200 family of next-generation, 80Amps, Level 2 Fast AC charging stations utilizing dozens of units and more than six months of testing throughout the United States. The Blink IQ200 is now in full production and commercially available to customers.

○

Signed an agreement with the Eunice Energy Group (“EEG”) to establish a joint venture in Europe, Blink Charging Europe Ltd. The purpose of the joint venture will be to leverage Blink’s EV products, network, technology and experience within the EV charging space alongside EEG’s position in the energy space and financial capabilities to expand the charging infrastructure in Greece and other European countries.

About Blink Charging:

Blink Charging Co. (NASDAQ: BLNK, BLNKW) is one of the leaders in nationwide public electric vehicle (EV) charging equipment and services.

Blink Charging designs, owns, operates and sells EV charging equipment under the Blink brand, as well as a number of other charging station equipment manufacturers including Chargepoint, General Electric (GE) and SemaConnect. Blink Charging also offers connectivity to the Blink Network, a cloud-based platform that operates, manages and tracks Blink’s EV charging stations and all associated data.

For more information about Blink, please visit www.BlinkCharging.com.

Forward-Looking Statements

This press release contains forward-looking statements as defined in 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 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’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 undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.

Blink Investor Relations Contact:

InvestorRelations@BlinkCharging.com

Blink Media Contact:

PR@BlinkCharging.com