What changed in this filing

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Item 4. Controls and Procedures

2023-05-10 compared with 2022-11-09 · 15 added, 15 removed, 22 unchanged (58% of the section changed)

1 unchanged sentence

of Disclosure Controls and Procedures

of September 30, 2022, being the end of the period covered by this Report, our management conducted an evaluation, under the supervision

of March 31, 2023, being the end of the period covered by this Report, our management conducted an evaluation, under the supervision

and with the participation of our chief executive officer and chief financial officer, of the effectiveness of our disclosure controls

4 unchanged sentences

chief financial officer, as appropriate, to allow for timely decisions regarding required disclosure.

on that evaluation, our chief executive officer and chief financial officer concluded that, as of September 30, 2022, our disclosure

controls and procedures were not effective due to the material weakness in our internal control over financial reporting as discussed

Controls and Procedures – in the Company’s Form 10-K for the fiscal year ended December 31, 2021, under the heading

“Management’s Report on Internal Control Over Financial Reporting”.

on that evaluation, our chief executive officer and chief financial officer concluded that, as of March 31, 2023, our disclosure controls

and procedures were not effective due to the material weaknesses in our internal control over financial reporting as discussed in Item

Controls and Procedures – in the Company’s Form 10-K for the fiscal year ended December 31, 2022, under the heading “Management’s

Annual Report on Internal Control Over Financial Reporting”.

on Effectiveness of Controls and Procedures

6 unchanged sentences

in Internal Control over Financial Reporting

part of its ongoing remediation initiative, and with the help of an outside firm, management has reviewed the design of management and

analytical review controls associated with the financial close, revenue and inventory processes and has strengthened related compensating

In addition, management has validated the operational effectiveness of its remediation of the reported material weakness and

found it to be effective.

We believe these actions are sufficient to remediate this material weakness.

We will continue to test the operational

effectiveness of the underlying controls during the fourth quarter of 2022 and come to a final determination in the matter so as to appropriately

integrate the outcome in management’s assessment of Internal Controls over Financial reporting as of December 31, 2022.

2022, there was an isolated occurrence of a miscalculation of a certain non-cash share-based compensation transaction that was not detected

on a timely basis.

Management has since subscribed to a share-based compensation software that is expected to perform complex calculations

completely and accurately.

Management is reviewing the calculations performed by the software periodically and expects to remediate this

material weakness during 2023.

expects to come to a final determination in these matters so as to appropriately integrate the outcomes in management’s assessment

of Internal Controls over Financial reporting as of December 31, 2023.

the quarter, management continued to commit substantial resources to the ongoing evaluation of the internal control over financial reporting

of its previously exempted subsidiary, Blue Corner N.V.

the above, there were no other changes in our internal control over financial reporting that occurred during the quarter ended September

of its previously exempted subsidiaries, SemaConnect and Blink Charging UK Limited.

the above, there were no other changes in our internal control over financial reporting that occurred during the quarter ended March

31, 2023, that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

4 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 4. Controls and Procedures