LEGAL PROCEEDINGS.
−Removed: For a description of our legal
−Removed: proceedings, see Note 8 – Commitments and Contingencies – Litigation, Disputes, and Settlements in Part 1, Item 1 of this
−Removed: Quarterly Report on Form 10-Q.
−Removed: The Farkas Group, Inc.
−Removed: a Florida corporation whose principal is former Company CEO, Michael D.
−Removed: Farkas, filed a demand for arbitration on April 1, 2024, alleging
−Removed: that the Company owes FGI commissions pursuant to a November 17, 2009 commission agreement between the parties.
−Removed: The Company filed an answer
−Removed: denying the claim and counterclaimed against FGI, Mr.
−Removed: Farkas, and one of his companies, NextNRG Holdings (“NEXT”), alleging
−Removed: that FGI, Mr.
−Removed: Farkas, and NEXT are in violation of non-compete agreements.
−Removed: NEXT later filed a petition with the Florida Superior Court
−Removed: to stay the arbitration as to NEXT.
−Removed: The Florida Court denied NEXT’s petition, and the arbitration resumed in March 2025.
−Removed: outcome of this matter cannot be determined at this time, it is not currently expected to have a material adverse impact on our business.
−Removed: In July 2023, the Company received
−Removed: a subpoena from the SEC requesting the production of documentation and other information since January 1, 2020, relating to various subjects,
−Removed: including discrete disclosure matters.
−Removed: On January 15, 2025, the Company received a termination letter from the Staff of the SEC that concluded
−Removed: the investigation without recommending an enforcement action against Blink Charging with the proviso that the Staff could re-open
−Removed: the investigation.
+Added: a description of our legal proceedings, see Note 8 – Commitments and Contingencies – Litigation, Disputes, and Settlements
+Added: in Part 1, Item 1 of this Quarterly Report on Form 10-Q.
+Added: Farkas Group, Inc.
+Added: (“FGI”), a Florida corporation whose principal is former Company CEO, Michael D.
+Added: Farkas, filed a
+Added: demand for arbitration on April 1, 2024, alleging that the Company owes FGI commissions pursuant to a November 17, 2009 commission
+Added: agreement between the parties.
+Added: The Company filed an answer denying the claim and counterclaimed against FGI, Mr.
+Added: Farkas, and one of
+Added: his companies, NextNRG Holdings (“NEXT”), alleging that FGI, Mr.
+Added: Farkas, and NEXT are in violation of non-compete
+Added: NEXT later filed a petition with the Florida Superior Court to stay the arbitration as to NEXT.
+Added: The Florida Court denied
+Added: NEXT’s petition, and the arbitration resumed in March 2025.
+Added: The arbitration hearing occurred in August 2025, and post-hearing
+Added: submissions are currently due in September 2025.
+Added: The outcome of this matter cannot be determined at this time, but it is not
+Added: currently expected to have a material adverse impact on our business.
+Added: July 2023, the Company received a subpoena from the SEC requesting the production of documentation and other information since January
+Added: 1, 2020, relating to various subjects, including discrete disclosure matters.
+Added: On January 15, 2025, the Company received a termination
+Added: letter from the Staff of the SEC that concluded the investigation without recommending an enforcement action against Blink Charging with
+Added: the proviso that the Staff could re-open the investigation.
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.