Envoy Technologies, an indirect wholly owned subsidiary of Blink Charging Co., has entered into an Amendment No. 3 to its Merger Agreement, initially dated April 18, 2023. This Amendment extends the deadline for Envoy Technologies to complete a direct listing or an underwritten initial public offering to September 2, 2025. As part of this extension, the value of Envoy Technologies shares to be issued to its former shareholders has been increased to $23.5 million. The Amendment also specifies that cash payments to former shareholders may be sourced from proceeds of a sale of Envoy Technologies.
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