SEC Company Response from Blink Charging Co. (BLNK) (CIK 0001429764) (BLNK) — Jan 25, 2018
Blink Charging Co. (BLNK) (CIK 0001429764)
Date: Jan. 25, 2018 · CIK: 0001429764 · Accession: 0001493152-18-001004
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File numbers found in text: 333-214461
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CORRESP
1
filename1.htm
Blink
Charging Co.
3284
N 29th Court
Hollywood,
FL 33020-1320
January
25, 2018
VIA
EDGAR
Russell
Mancuso, Branch Chief
Office
of Electronics and Machinery
Mail
Stop 3030
Division
of Corporation Finance
Securities
and Exchange Commission
100
F Street N.E.
Washington,
D.C. 20549
Re:
Blink
Charging Co.
Amendment
No. 5 to Registration Statement on Form S-1
Filed
January 11, 2018
File
No. 333-214461
Dear
Mr. Mancuso:
This
letter provides the response of Blink Charging Co. (the “Company”) to the oral comment provided by a member of the
Staff of the Division of Corporation Finance (the “Staff”) of the U.S. Securities and Exchange to our securities counsel
on January 23, 2018. For your convenience, the matters are listed below, followed by the Company’s responses:
Email
to Blink Network
1.
We
note that the Company’s CEO has sent an email to members of the Blink Network. Please clarify whether the Company is
engaging in a Directed Share Program with regard to members of the Blink Network and, if so, please disclose the Directed
Share Program in your registration statement. In addition, please file this email as a Free Writing Prospectus or please explain
why you believe this is not a Free Writing Prospectus.
RESPONSE:
In
response to the Staff’s comment regarding a Directed Share Program, we note that
the email states that “the underwriters of that offering have agreed to consider
reserving a number of the shares of common stock being offered for our Blink members.”
The underwriters have not agreed to reserve a certain number of shares and are under
no obligation to do so. There are no plans for a Directed Share Program at this time.
In
response to the Staff’s comment regarding whether the email is a Free Writing Prospectus, it is our view that it
is a communication that should not be deemed (i) an “offer” or “solicitation” under the Securities
Act, or (ii) a prospectus because the email falls under the safe harbor provided under Securities Act Rule 134.
(i)The
email was not an “offer” or “solicitation” because it clearly states that “This communication
shall not constitute an offer to sell or the solicitation of an offer to buy” and “nor shall there
be any sale of the referenced securities in any state or jurisdiction in which such offer, solicitation, or sale would
be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.”
An investor could not at the time of receipt of the email, nor currently, purchase any security offered in the current
offering.
(ii)
There was no information regarding the offering in the email (including items allowed by Rule 134(a) such as title of
security, price, intended use of proceeds, or schedule for the offering), there was a legend in the communication that
stated, among other items, that “the offering will be made by means of a prospectus only . . . Before you invest,
you should read the prospectus included in the registration statement for more complete information about the Company
and this offering . . . This communication shall not constitute an offer to sell or the solicitation of an offer to buy”
and the email is an electronic communication that provides an active hyperlink to an active hyperlink to a prospectus
that meets the requirements of section 10 of the Securities Act. This hyperlink takes to you to a preliminary prospectus
that clearly states that “we may not sell these securities until the registration statement filed with the Securities
and Exchange Commission is effective. This prospectus is not an offer to sell these securities and is not soliciting an
offer to buy these securities in any jurisdiction where the offer or sale is not permitted.”
Sincerely,
Blink
Charging Co.
By:
/s/
Michael Calise
Name:
Michael
Calise
Title:
Chief
Executive Officer