Blink Charging retains ShareIntel to investigate illegal shorting activity

Blink Charging announced that it has entered into a service agreement with Shareholder Intelligence Services, a patented compliance driven SAAS retained by public companies to track shareholder ownership and monitor critical broker-dealer and shareholder movement, to investigate and report on potential illegal naked short selling activities of Company stock, among other suspected trading violations. In its review of unusual trading patterns, the Company believes that certain individuals and/or companies may have engaged in manipulative and/or suspected illegal trading practices that may have artificially depressed its share price. The Company suspects that its actual short position may be greater than the 30+% reported to FINRA and the public. There is great concern in today’s market environment regarding the potential targeting of Blink Charging and other publicly traded companies in a market manipulation scheme involving illegal naked short selling of Company stock. The Company finds such suspected manipulation completely unacceptable as it distorts the value of the targeted Companies and negatively impacts the shareholders who have invested their hard-earned money.