Blink Charging Co. has announced that it received a written notice from the Nasdaq Stock Market regarding non-compliance with Nasdaq's minimum bid price requirement. For the past 31 consecutive business days, the company's common stock has closed below the $1.00 per share threshold, which is necessary for continued listing on the Nasdaq Capital Market. The notice does not immediately affect the company's stock listing or trading. Blink Charging has a 180-day period, expiring on November 5, 2025, to regain compliance by achieving a closing bid price of at least $1.00 per share for ten consecutive business days. If unsuccessful, the company may qualify for an additional 180-day compliance period, provided it meets all other listing standards and notifies Nasdaq of its intent to rectify the issue, potentially through a reverse stock split. Blink Charging is assessing options to resolve the deficiency but acknowledges there are no guarantees of regaining compliance.
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