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Blink Charging Co. shares news about selling its Envoy Technologies unit for $1 million.
NeutralBlink's filing revises the Envoy sale note: CID shares may go to Blink owners after approvals and an active SEC filing, leaving Blink's outlook unchanged.
CID Holdco, Inc. has signed an important deal to buy Envoy Technologies, Inc.
NeutralBlink's $12.5M note in Envoy will convert into equity and result in Series C Preferred in CID Holdco, but the terms and value to Blink are unclear from this filing.