Blink Charging Amends Envoy Note for Conditional Conversion Into 2,166,667 CID Shares

Bitget2026/10/16 12:33

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Blink Charging’s amended $12.5 million convertible promissory note will convert into 2,166,667 CID common shares once conversion conditions are met.
The amendment accompanied BladeRanger’s sale of Envoy to CID, which closed October 9, 2026.
Conversion requires CID shareholder approval of transaction proposals and SEC effectiveness of a registration statement permitting a pro rata distribution to Blink shareholders.
The shares’ lock-up expires by April 1, 2027, or six months following conversion, whichever comes first; shareholder distributions are exempt.
If conditions remain unmet at the July 22, 2029 maturity, extendable two years at Blink’s discretion, rights to elect conversion remain intact.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Blink Charging Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-047342), on October 16, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Blink Charging Amends Envoy Note for Conditional Conversion Into 2,166,667 CID Shares

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