Blink Charging (BLNK) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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Blink Charging is currently under scrutiny after receiving an SEC subpoena in July 2023, which demands documentation and information dating back to January 1, 2020. The investigation encompasses a range of topics, such as executive turnover, transactions with related parties, and specific issues regarding EV charging station disclosures. While Blink Charging has pledged full cooperation and is responding to the subpoena, the future implications of this inquiry remain uncertain, including the timeline and potential repercussions from the SEC’s findings.
The average BLNK stock price target is $7.00, implying 157.83% upside potential.
To learn more about Blink Charging’s risk factors, click here.