# EDGAR Filing Document

**Accession Number:** 0001429764
**File Stem:** 0001641172-25-022447
**Filing Date:** 2025-8
**Character Count:** 33472
**Document Hash:** d19aa753e5437b04e37aca4ea9518c59
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-022447.hdr.sgml**: 20250806

**ACCESSION NUMBER**: 0001641172-25-022447

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250804

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250806

**DATE AS OF CHANGE**: 20250806

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Blink Charging Co.
- **CENTRAL INDEX KEY:** 0001429764
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS TRANSPORTATION EQUIPMENT [3790]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 030608147
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38392
- **FILM NUMBER:** 251190512

**BUSINESS ADDRESS:**
- **STREET 1:** 407 LINCOLN ROAD, SUITE 704
- **CITY:** MIAMI BEACH
- **STATE:** FL
- **ZIP:** 33139
- **BUSINESS PHONE:** (305) 521-0200

**MAIL ADDRESS:**
- **STREET 1:** 407 LINCOLN ROAD, SUITE 704
- **CITY:** MIAMI BEACH
- **STATE:** FL
- **ZIP:** 33139

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Car Charging Group, Inc.
- **DATE OF NAME CHANGE:** 20091207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEW IMAGE CONCEPTS, INC
- **DATE OF NAME CHANGE:** 20080313

?xml version='1.0' encoding='ASCII'?

**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): <u>August 4, 2025</u>

**BLINK CHARGING CO.**

(Exact name of registrant as specified in its charter)

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

<u>5081 Howerton Way, Suite A Bowie, Maryland</u> <u>20715</u> <br> (Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: <u>(305) 521-0200</u>

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 |

---

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. (the "Company") August 4, 2025**

**Item 1.01. Entry into a Material Definitive Agreement.**

On August 4, 2025, the Company's indirect wholly owned subsidiary, Envoy Technologies, Inc. ("Envoy Technologies"), entered into Amendment No. 4 (the "Amendment") to the Agreement and Plan of Merger, dated as of April 18, 2023 (the "Merger Agreement"), by and among the Company, Envoy Mobility, Inc. (formerly Blink Mobility, LLC) ("Mobility"), Envoy Technologies and Fortis Advisors LLC, as equityholders' agent.

The Amendment provides that the sole remaining payment obligation to the former equityholders of Envoy Technologies will be fully satisfied, and the Company and Mobility will be released from all claims and liabilities relating to such obligation, following the issuance of (x) $10,000,000 in shares of Company common stock, valued based on the volume-weighted average trading price for the 25 trading days preceding the issuance date, and (y) warrants exercisable for shares of Company common stock with an aggregate value of $11,000,000, divided into three tranches with vesting conditions based on specific stock price achievements.

All shares of Company common stock initially issued or issued pursuant to the exercise of warrants will be subject to a 120-day leak-out period commencing on initial issuance or exercise of warrant, as applicable, allowing sales limited to 2% per day (and 5% in the last 30 days), with a cap of 20% per month.

The former equityholders of Envoy Technologies were granted registration rights for shares of Company common stock initially issued and those issued pursuant to the exercise of warrants. The Company will file a resale registration statement on Form S-1 with the SEC within 30 days of the amendment date and use commercially reasonable efforts to have it declared effective within 90 days thereafter. The amendment includes indemnification provisions for both the Company and the former equityholders against claims related to the registration statement.

The foregoing summary description of the Amendment is qualified by reference to the full text thereof, a copy of which is attached hereto as Exhibit 2.1 and incorporated herein in its entirety.

On August 6, 2025, the Company issued a press release announcing its entry into the Amendment, a copy of which is attached hereto as Exhibit 99.1 and is incorporated in its entirety by reference.

**Item 9.01. Financial Statements and Exhibits.**

(d) <u>Exhibits</u>. The exhibits listed in the following Exhibit Index are filed as part of this current report.

---

| | |
|:---|:---|
| Exhibit No. | Description |
| 2.1 | [Amendment No. 4 to Agreement and Plan of Merger, dated as of August 4, 2025, by and among Blink Charging Co., Envoy Mobility, Inc. (formerly Blink Mobility, LLC), Envoy Technologies, Inc. and Fortis Advisors LLC, as equityholders' agent.](ex2-1.htm) |
| 99.1<br>| [Press Release issued by Blink Charging Co. on August 6, 2025.](ex99-1.htm)<br>|
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

**SIGNATURES**

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.** | **BLINK CHARGING CO.** |
| Date: August 6, 2025 | By: | */s/ Michael C. Battaglia* |
|  | Name: | Michael C. Battaglia |
|  | Title: | President and Chief Executive Officer |

---

## Exhibit 2.1

**<u>EXHIBIT 2.1</u>**

**AMENDMENT NO. 4 TO AGREEMENT AND PLAN OF MERGER**

THIS AMENDMENT NO. 4, dated as of August 4, 2025 (this **"Amendment")**, to that certain Agreement and Plan of Merger, dated as of April 18, 2023 (as amended, the "**Merger Agreement**"), is made by and among **ENVOY MOBILITY, INC.**, a Nevada corporation (formerly Blink Mobility, LLC) ("**Parent**"), **ENVOY TECHNOLOGIES, INC.**, a Delaware corporation (the "**Company**"), and **FORTIS ADVISORS LLC**, a Delaware limited liability company (the "**Equityholders' Agent**"). Parent, Company and Equityholders' Agent are referred to herein sometimes individually as a "**Party**" and collectively as the "**Parties**." Capitalized terms used herein but not defined in this Amendment shall have the meaning ascribed to them in the Merger Agreement.

**WHEREAS**, Section 2.1(c)(i)(4)(B) of the Merger Agreement provides that Parent or Blink Charging Co. ("**HoldCo**") may satisfy its Stock Consideration obligation to the Equityholders in either cash or shares of HoldCo Common Stock, or a combination thereof, subject to certain terms;

**WHEREAS**, the Parties now desire to amend the Merger Agreement to reflect an agreed-upon alternative structure for the satisfaction of the Stock Consideration obligation; and

**WHEREAS**, Section 9.11 of the Merger Agreement requires a written instrument signed by the Parties to amend, supplement or change the Merger Agreement;

**NOW, THEREFORE**, in consideration of the mutual covenants set forth herein, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

**1. Amendments**

Section 2.1(c)(i)(4) of the Merger Agreement is hereby amended by inserting the following new subparagraph (C) at the end thereof:

"(C) Notwithstanding anything to the contrary in this Section 2.1(c)(i)(4), the Parties acknowledge and agree that Parent's and HoldCo's obligations to pay the Stock Consideration under this Section 2.1(c)(i)(4) shall be fully and completely satisfied with the following equity issuances to Equityholders:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) **$10,000,000 in shares of HoldCo Common Stock**, to be issued promptly after the date hereof. Such shares shall be valued based on the volume-weighted average trading price (as used in this subparagraph (C), VWAP) of HoldCo Common Stock for the twenty-five (25) trading days preceding the date of issuance. Upon issuance, the shares shall be fully vested, subject to applicable securities laws, the leak-out provisions of subsection (iii) below and the registration rights set forth in <u>Annex A</u> hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) **Warrants exercisable for shares of HoldCo Common Stock having an aggregate notional value of $11,000,000**, comprised of (A) $2,500,000 in value of warrants with the number of underlying warrant shares calculated and vesting based on $1.70 per share, (B) $2,500,000 in value of warrants with the number of underlying warrant shares calculated and vesting based on $2.10 per share, and (C) $6,000,000 in value of warrants with the number of underlying warrant shares calculated and vesting based on $4.85 per share. The exercise price for each warrant granted hereunder shall equal $0.01 per share (exercisable on a net exercise basis). Each respective tranche's vesting condition shall be deemed satisfied upon Holdco Common Stock achieving the last reported sale equaling or exceeding $1.70, $2.10 and $4.85, as applicable, for seven (7) consecutive trading days. Such warrants shall become immediately exercisable into Holdco Common Stock when the respective tranche's vesting price condition is satisfied and shall be subject to acceleration upon a Change of Control. All warrants granted under this Section 2.1(c)(i)(4)(C)(ii) shall expire twenty (20) months after the date of issuance. Upon exercise, the shares of Holdco Common Stock issued shall be duly and validly authorized and issued and fully paid and nonassessable, subject to applicable securities laws, the leak-out provisions of subsection (iii) below and the registration rights set forth in <u>Annex A</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) **Leak-out Period.** The Stock Consideration issued pursuant to this subparagraph (C) (consisting of the HoldCo Common Stock described in subparagraph (i) above and the HoldCo Common Stock underlying the warrants described in subparagraph (ii) above) shall, for one hundred twenty (120) days following the date such shares first become freely tradable pursuant to applicable federal securities laws after issuance and/or exercise pursuant to this Section 2.1(c)(i)(4)(C)(i)-(ii), be subject to a leak-out period ("Leak-out Period") that will allow each of the Equityholders to sell up to two percent (2%) of the aggregate Stock Consideration issued pursuant to this subparagraph (C) (with such two percent calculated based on the aggregate HoldCo Common Stock issuable to such Equityholder pursuant to subparagraph (i) above and the HoldCo Common Stock underlying the warrants described in subparagraph (ii) above) and received by such Equityholder on any trading day and up to twenty percent (20%) of such stock during any given month (which, for the avoidance of doubt, during the leak period, any such stock not sold shall not be credited to the following months' respective 20% limits), in each case, on the exchange on which such stock is traded and subject to such shares becoming freely tradable in accordance with applicable federal securities laws. Notwithstanding the foregoing, in the final thirty (30) days of the Leak-out Period, any Equityholder may sell up to five percent (5%) of such stock on any trading day, rather than 2%, although the 20% cap shall continue to apply.

Any transfer or disposition of shares in violation of this provision shall be null and void ab initio. Holdco may, in its sole discretion, waive or modify the restrictions set forth herein upon written notice to the Equityholders.

**Certain Adjustments.** In the event of any stock split, reverse split, stock dividend, recapitalization, reclassification or similar event affecting HoldCo Common Stock, the number of shares of HoldCo Common Stock set forth in paragraph (i) above and the number of shares of HoldCo Common Stock underlying the warrants set forth in paragraph (ii) above shall be proportionately adjusted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) **Equityholders' Agent Report.** The Equityholders' Agent shall deliver to HoldCo on the date hereof a report identifying, with respect to each Equityholder: (A) the name of such Equityholder; (B) the number of shares of HoldCo Common Stock to which such Equityholder is entitled pursuant to paragraph (i) above; (C) the number of warrant shares to which such Equityholder is entitled pursuant to paragraph (ii)(A) above; (D) the number of warrant shares to which such Equityholder is entitled pursuant to paragraph (ii)(B) above; and (E) the number of warrant shares to which such Equityholder is entitled pursuant to paragraph (ii)(C) above

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) **Mutual Release and Satisfaction.** Upon the issuance of the $10,000,000 in HoldCo Common Stock and the grant of all warrants described in Section 2.1(c)(i)(4)(C)(i)-(ii) (with the HoldCo Common Stock underlying such warrants authorized and available for issuance), (A) the Parties acknowledge and agree that all obligations of Parent and HoldCo with respect to the payment of Stock Consideration under Section 2.1(c)(i)(4) of the Merger Agreement shall be deemed fully satisfied, extinguished, cancelled and void, (B) such obligation shall be deemed released in full and shall be removed from the books and records of Parent and HoldCo (other than the continuing obligations associated with the Holdco Common Stock and warrants issued pursuant to Section 2.1(c)(i)(4)(C)(i)-(ii), including the registration rights set forth herein), and (C) each of the Parties, including the Equityholders' Agent on behalf of the Equityholders, hereby grants the other Parties a full and final mutual release of all claims and liabilities relating to such released Stock Consideration obligations.

**2. Miscellaneous Provisions**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Defined Terms.** Capitalized terms not defined herein shall have the meanings ascribed to them in the Merger Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Binding Effect.** This Amendment No. 4 shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Counterparts.** This Amendment No. 4 may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. **Agreement in Effect.** Except as expressly amended herein, the Merger Agreement remains in full force and effect and is hereby ratified and confirmed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. **Governing Law.** This Amendment No. 4 shall be governed by, and construed in accordance with, the laws of the State of Delaware, without regard to conflict of law principles.

**IN WITNESS WHEREOF**, the parties hereto have executed this Amendment No. 4 effective as of the day and year first above written.

---

| | |
|:---|:---|
| **ENVOY MOBILITY, INC.** | **ENVOY MOBILITY, INC.** |
| By: | */s/ Aviv Hillo* |
| Name: | Aviv Hillo, Esq. |
| Title: | General Counsel & EVP M&A |

---

---

| | |
|:---|:---|
| **ENVOY TECHNOLOGIES, INC.** | **ENVOY TECHNOLOGIES, INC.** |
| By: | */s/ Aric Ohana*  |
| Name: | Aric Ohana |
| Title: | CEO |

---

---

| | |
|:---|:---|
| **FORTIS ADVISORS LLC, solely in its <br> capacity as the Equityholders' Agent** | **FORTIS ADVISORS LLC, solely in its <br> capacity as the Equityholders' Agent** |
| By: | */s/ Ryan Simkin*  |
| Name: | Ryan Simkin |
| Title: | Managing Director |

---

***Acknowledged, Accepted and Agreed:***

---

| | |
|:---|:---|
| <br>**BLINK CHARGING CO.** | <br>**BLINK CHARGING CO.** |
| By: | */s/ Michael Battaglia* |
| Name: | Michael Battaglia |
| Title: | CEO |

---

**ANNEX A**

**<u>Registration Rights</u>**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. As soon as practicable after the date of this Amendment, but in any event no later than 30 days thereafter (the "Filing Date"), HoldCo shall cause a resale registration statement on Form S-1 (the "Registration Statement") to be filed with the U.S. Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "Securities Act"), with respect to the Stock Consideration issued by HoldCo to the Equityholders pursuant to Section 2.1(c)(i)(4)(C) of the Merger Agreement, and shall thereafter use its commercially reasonable efforts to have the Registration Statement declared effective not later than 90 days after the date of this Amendment, and to keep it effective until the earlier of (i) 18 months thereafter or (ii) when the Equityholders can sell all of the Stock Consideration without the need for current public information or other restriction pursuant to Rule 144 under the Securities Act.

HoldCo shall (i) file with the Commission a request for acceleration of the Registration Statement in accordance with Rule 461 promulgated by the Commission pursuant to the Securities Act within five (5) business days of the date that HoldCo is notified (orally or in writing, whichever is earlier) by the Commission that such Registration Statement will not be "reviewed" or will not be subject to further review, (ii) prior to the effective date of a Registration Statement, file a pre-effective amendment and otherwise respond in writing to comments made by the Commission in respect of such Registration Statement within ten (10) business days after the receipt of comments by or notice from the Commission that such amendment is required in order for such Registration Statement to be declared effective. Notwithstanding the foregoing, in the event the Equityholders can sell all of the Stock Consideration without the need for current public information or other restriction pursuant to Rule 144 under the Securities Act, this provision shall not be applicable so long as HoldCo cooperates with the Equityholders to render all necessary opinions and take all necessary steps to accommodate such resales.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Until the Registration Statement has become effective under the Securities Act, each certificate representing the Stock Consideration and all certificates and instruments issued in transfer thereof shall be endorsed with the following restrictive legend:

"THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AND HAVE BEEN TAKEN FOR INVESTMENT PURPOSES ONLY AND NOT WITH A VIEW TO THE DISTRIBUTION THEREOF, AND NEITHER SUCH SHARES NOR ANY INTEREST THEREIN MAY BE SOLD, TRANSFERRED, ASSIGNED OR PLEDGED EXCEPT IF REGISTERED UNDER APPLICABLE STATE BLUE SKY OR SECURITIES LAWS OR ANY EXEMPTIONS FROM SUCH REGISTRATION OR QUALIFICATION REQUIREMENTS ARE AVAILABLE, ALL IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT BETWEEN THE REGISTERED HOLDER HEREOF AND THE ISSUER OF SUCH SHARES."

Upon the effectiveness of the Registration Statement, HoldCo shall, upon the request of any of the Equityholders (together with an appropriate legal opinion or other evidence satisfactory to HoldCo), issue to such Equityholders a replacement certificate without such legend in exchange for any such legended certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. HoldCo shall furnish to the Equityholders, at HoldCo's expense, such number of copies of the Registration Statement and each amendment and supplement thereto, preliminary prospectus, final prospectus and such other documents as the Equityholders may reasonably request in order to facilitate the public offering of the Stock Consideration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. HoldCo shall promptly, at HoldCo's expense, use its commercially reasonable efforts to register or qualify any shares of HoldCo common stock covered by the Registration Statement under such state securities or blue sky laws of such jurisdictions as the Equityholders may reasonably request, except that HoldCo shall not for any purpose be required to execute a general consent to service of process or to qualify to do business as a foreign corporation in any jurisdiction where it is not so qualified. In addition, HoldCo shall use its commercially reasonable efforts to cause all Stock Consideration covered by the registration statement to be listed on Nasdaq or other securities exchange or trading system on which similar securities issued by HoldCo are then listed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. HoldCo shall notify the Equityholders, promptly after it shall receive notice thereof, of the date and time when the Registration Statement and each post-effective amendment thereto has become effective or a supplement to any prospectus forming a part of the Registration Statement has been filed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. HoldCo shall advise the Equityholders, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any stop order by the Commission suspending the effectiveness of the Registration Statement or the initiation or threatening of any proceeding for the purpose and promptly use its commercially reasonable efforts to prevent the issuance of any stop order or to obtain its withdrawal if such stop order should be issued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. (a) HoldCo agrees to bear all Commission registration and filing fees, printing and mailing expenses, fees and disbursements of counsel and accountants for HoldCo and all expenses and fees incident to an application for listing the Stock Consideration on Nasdaq; and (b) the Equityholders agree to bear all fees and disbursements of counsel engaged by the Equityholders or Equityholders' Agent (subject to the last sentence of this Section 7) and for all underwriters, brokers and dealers engaged by the Equityholders in connection with the distribution of the Stock Consideration and any discounts, commissions and fees of any such underwriters, brokers and dealers, FINRA filing fees and expenses incurred by any person in connection therewith, and legal fees and disbursements and other expenses incurred by the Equityholders in complying with state securities or blue sky laws of any jurisdictions in which the Stock Consideration is to be registered or qualified (without limiting HoldCo's obligations per Section 4 above). Notwithstanding the foregoing, HoldCo shall reimburse the Equityholders' Agent for the fees and disbursements of a single legal counsel for the Equityholders' Agent (on behalf of the Equityholders) in an amount not to exceed $30,000.00.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. (a) HoldCo hereby agrees to indemnify and hold harmless the Equityholders from and against, and agrees to reimburse the Equityholders with respect to, any and all claims, actions (actual or threatened), demands, losses, damages, liabilities, costs and expenses to which the Equityholders may become subject under the Securities Act or otherwise, insofar as such claims, actions, demands, losses, damages, liabilities, costs or expenses are caused by any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement, any prospectus contained therein or any amendment or supplement thereto, or are caused by the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading; <u>provided</u>, <u>however</u>, that HoldCo shall not be liable in any such case to the extent that any such claim, action, demand, loss, damage, liability, cost or expense is caused by an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by any of the Equityholders for use in the preparation thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each of the Equityholders severally hereby agrees to indemnify and hold harmless HoldCo, its officers, directors, legal counsel and accountants and each person who controls HoldCo within the meaning of the Securities Act, from and against, and agrees to reimburse HoldCo, its officers, directors, legal counsel, accountants and controlling persons with respect to, any and all claims, actions, demands, losses, damages, liabilities, costs or expenses to which HoldCo, its officers, directors, legal counsel, accountants or such controlling persons may become subject under the Securities Act or otherwise, insofar as such claims, actions, demands, losses, damages, liabilities, costs or expenses are caused by any untrue or alleged untrue statement of any material fact contained in the Registration Statement, any prospectus contained therein or any amendment or supplement thereto, or are caused by the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in reliance upon and in conformity with information furnished in writing by the indemnifying Equityholder for use in the preparation thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If any claim shall be asserted against any person (an "Indemnified Person") for which such person intends to seek indemnification pursuant to Section 8(a) or (b), as the case may be, such Indemnified Person shall give prompt written notice to HoldCo or the Equityholder or Equityholders, as the case may be, of the nature of such claim, but the failure to give such notice shall not relieve HoldCo or the Equityholder(s), as the case may be, of its obligations under this <u>Annex A</u> unless it has been prejudiced substantially thereby. HoldCo or the Equityholder(s) shall have the exclusive right to conduct, at its expense, through counsel of its own choosing, which counsel is approved by the Indemnified Person (which approval may not be unreasonably withheld), the defense of any such claim, and may compromise or settle such claims with the prior consent of HoldCo or the Equityholder(s) (which consent shall not be unreasonably withheld).

## Exhibit 99.1

**Exhibit 99.1**

![Shape Description automatically generated with medium confidence](ex99-1_001.jpg)

**Blink Charging and Envoy Reach Agreement, Releasing Blink from all Payment Obligations and Liability** 

 

**Bowie, Md. – 06 Aug 2025 –** <u>Blink Charging Co.</u> (NASDAQ: BLNK) ("Blink" or the "Company"), a leading global owner, operator, and provider of electric vehicle (EV) charging equipment and services, announced today that it has reached a mutual agreement with the former shareholders of <u>Envoy Technologies, Inc. ("Envoy"),</u> a wholly-owned subsidiary of Blink and leading provider of on-demand electric vehicle (EV) car-sharing services for real estate communities, to amend the organizations' original agreement and plan of merger, satisfying Blink's liability.

The new amendment provides that the sole remaining payment obligation to the former equity holders of Envoy are now fully satisfied, and that Blink will be released from all claims and liabilities, following the issuance of $10 million in shares of Company common stock, valued based on the volume-weighted average trading price for the 25 trading days preceding the issuance date, and warrants exercisable for shares of Company common stock with an aggregate notional value of $11 million, divided into three tranches with vesting conditions based on specific stock price achievements.

Blink will be granting Envoy's former equity holders:

● $2.5 million worth of warrants that will vest upon the common stock of Blink reaching a price per share of $1.70 for seven consecutive days;

● $2.5 million worth of warrants that will vest upon the common stock of Blink reaching a price per share of $2.10 for seven consecutive days; and

● $6 million worth of warrants that will vest upon the common stock of Blink reaching a price per share of $4.85 for seven consecutive days.

All shares of Company common stock initially issued or issued pursuant to the exercise of warrants will be subject to a 120-day leak-out period commencing on initial issuance or exercise of warrant, as applicable, allowing sales limited to 2% per day (and 5% in the last 30 days), with a cap of 20% per month.

Blink will host a conference call to review second quarter 2025 results at a new date and time. An announcement will follow shortly with more information.

**About Envoy**

Envoy is a pioneering EV fleet technology and electric car-sharing service provider headquartered in Culver City, CA. Envoy's offerings include all-electric car-sharing services in the United States for private properties as an amenity such as apartments, hotels, and workplaces. Real estate owners and operators cooperate with Envoy to introduce community shared mobility programs that enrich the lives of their residents, members, and guests enhancing mobility as part of their lifestyle. Envoy's amenity services support nationwide goals to reduce parking demand and individual car ownership. Developers can leverage Envoy's inclusion in their projects to access development incentives, aligning with urban development goals.

**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 easily transition to electric transportation through innovative charging solutions. Blink's principal line of products and services includes Blink's EV charging network ("Blink Network"), EV charging equipment, and EV charging services. The Blink Network uses 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 partnerships 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 <u>https://blinkcharging.com/</u>

**Blink Investor Relations Contact**

Vitalie Stelea

<u>IR@BlinkCharging.com</u>

305-521-0200 ext. 446

**Blink Media Contact**

Felicitas Massa

<u>PR@BlinkCharging.com</u>

305-521-0200 ext. 266