Item 5. Market for Registrant’s Common Equity
ITEM
5.
MARKET
FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
Market
Information
Our
shares of common stock are traded on The Nasdaq Capital Market under the symbol “BLNK.”
Our warrants to purchase common stock that were previously traded on The Nasdaq under the symbol “BLNKW” expired by their
terms on February 16, 2023, and were removed from trading. The remaining outstanding warrants on the expiration date were automatically
exercised via cashless exercise pursuant to the terms of the warrants into 359,554 shares of our common stock.
Security
Holders
As
of March 10, 2023, we had approximately 393 stockholders of record and a greater number of beneficial holders for whom shares are
held in a “nominee” or “street” name.
The
closing price of our common stock on March 10, 2023 was $7.92 per share, as reported by The Nasdaq Capital Market.
Recent
Sales of Unregistered Securities
None.
Issuer
Purchases of Equity Securities
None.
Dividend
Policy
We
have never declared or paid cash dividends on our common stock. We currently intend to retain all available funds and any future
earnings for use in the operation of our business and do not anticipate paying any cash dividends in the foreseeable future. Any
future determination to declare cash dividends will be made at the discretion of our Board and will depend on our financial
condition, results of operations, capital requirements, general business conditions, contractual limitations and other factors that our
Board may deem relevant.
ITEM
6.
[RESERVED]
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.