Blink Charging Co.
|Company Name||Blink Charging Co.|
On August 9, 2023, Blink disclosed that it received a subpoena from the Securities and Exchange Commission ("SEC") requesting 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." The Company further disclosed that it is "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."
On this news, Blink’s stock price fell $0.97, or 14.1%, to close at $5.89 per share on August 10, 2023, thereby injuring investors.
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