Blink charging director Levine buys $21,524 in shares

Director Jack Levine of Blink Charging Co. (NASDAQ:BLNK) recently purchased 21,000 shares of common stock at a price of $1.025, according to a Form 4 filing with the Securities and Exchange Commission. The purchase comes as the stock trades near $1.07, having declined about 35% over the past year. According to InvestingPro analysis, BLNK currently appears undervalued based on its Fair Value estimate.

The purchase, which occurred on September 5, 2025, amounted to a total value of $21,524. Following the transaction, Levine directly owns 206,979 shares and indirectly owns 193,857 shares through the Jack Levine Revocable Trust. The company maintains a strong liquidity position with more cash than debt on its balance sheet and a current ratio of 1.7, though InvestingPro analysis indicates the company is quickly burning through its cash reserves.

In other recent news, Blink Charging Co. has announced several significant developments. The company will integrate cryptocurrency payment options across its charging network by the end of 2025, allowing EV drivers to pay using digital currencies through the Blink Charging App. Additionally, Blink Charging has received preliminary court approval for a proposed settlement in a derivative action involving the company and certain directors and officers. This settlement includes corporate governance reforms, and the company’s insurer is expected to cover attorneys’ fees and expenses.

Furthermore, Blink Charging disclosed a definitive agreement related to its acquisition of Envoy Technologies, finalizing a warrant agreement with the former equity holders of Envoy Technologies. In a move to enhance EV fleet management, Blink Charging has partnered with Luxembourg-based Nexxtlab to provide advanced energy management tools across Europe. This collaboration integrates Blink’s charging locations with Nexxtlab’s Smartmaster platform, aiming to create a unified ecosystem for various energy components.

In other developments, Terra Innovatum has nominated Katherine Williams, former CEO of Framatome, as Independent Chair of its Board of Directors. This nomination is part of the proposed business combination with GSR III Acquisition Corp. The board will consist of nine directors, including five independent members and four Terra Innovatum executives.

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