Blink Charging Co.: amends Envoy convertible note to convert into CID stock

What happened

• Blink Charging Co. reported that it sold all outstanding common stock of Envoy Technologies, Inc. on Jun 5, 2026 for $1,000,000 in cash and a $12,500,000 convertible promissory note.
• The purchaser BladeRanger Ltd. closed its sale of Envoy to CID HoldCo, Inc. on Oct 9, 2026, and the Convertible Note was amended so that, upon satisfaction of specified conditions, the note will convert into 2,166,667 shares of CID common stock (the Blink Conversion Shares).

Key details

• Consideration at sale: $1,000,000 in cash plus a $12,500,000 convertible promissory note; original maturity date Jul 22, 2029, which may be extended 2 years at Blink’s discretion.
• Blink Conversion Shares: 2,166,667 shares to be issued upon satisfaction of the Blink Conversion Conditions.
• Blink Conversion Conditions: (i) CID stockholder approval required under Nasdaq Listing Rules 5635(a), 5635(b) and 5635(d); and (ii) a registration statement covering the Blink Conversion Shares declared effective and available for a Blink distribution on Form S-1 or other applicable form.
• Lock-up and forced conversion: Blink Conversion Shares will be subject to a lock-up that expires on the earlier of Apr 1, 2027 and 6 months after conversion; CID may require a Forced Conversion to raise CID’s reported stockholders’ equity to at least $3,000,000, with pre-approval conversions effected into Series C preferred stock at a $6.00 stated value until stockholder approval is obtained.

Why it may matter

• Item reported: Item 8.01 (Other events). The filing reports the amendment of the convertible promissory note issued in connection with Blink’s sale of Envoy and sets out the conditions, timing, lock-up and forced conversion mechanics for conversion into CID common stock.
• This filing does not show why the insider traded or why the company acted.