Blink Charging Stock Drops Amid Concerns Over New Share Offering Dilution

Blink Charging Co. (NASDAQ:BLNK) stock has fallen in premarket trading after announcing a new equity offering of 26.7 million common shares priced at 75 cents each, aiming to raise around $20 million. Proceeds will be used to expand its DC Fast Charging network, support general corporate needs, and working capital. The firm has recently launched new initiatives, including partnerships and a new line of affordable Level 2 chargers for multifamily and fleet applications. BLNK shares have lost over 43% in the past year.