STOCKHOLDERS’ EQUITY |
6 Months Ended |
|---|---|
Jun. 30, 2024 | |
| Equity [Abstract] | |
| STOCKHOLDERS’ EQUITY |
4. STOCKHOLDERS’ EQUITY
AT-THE-MARKET OFFERING
During the six months ended June 30, 2024, the Company sold an aggregate of shares of common stock aggregate gross proceeds of $25,651, less issuance costs of $581, for net proceeds of $25,070.
COMMON STOCK
During the six months ended June 30, 2024, the Company issued an aggregate of shares of common stock for services to an employee with an issuance date fair value of $2 and will be recognized ratably over the vesting term. On the grant date shares vested immediately, shares vested on April 1, 2024, and the remaining shares will vest on April 1, 2025. Expenses related to this award are included within compensation expense on the condensed consolidated statements of operations.
During the six months ended June 30, 2024, the Company issued an aggregate of shares of common stock upon vesting of restricted stock units to employees for services with an aggregate grant date fair value of $825. Expenses related to this award were included within compensation expense on the condensed consolidated statements of operations.
STOCK-BASED COMPENSATION
The Company recognized stock-based compensation expense related to common stock, stock options and warrants for the three months and six months ended June 30, 2024, $ and $ respectively, which is included within compensation expense on the condensed consolidated statements of operations. The Company recognized stock-based compensation expense related to common stock, stock options and warrants for the three and six months ended June 30, 2023 of $ and $, respectively, which is included within compensation expense on the condensed consolidated statements of operations. As of June 30, 2024, there was $ of unrecognized stock-based compensation expense that will be recognized over the weighted average remaining vesting period of years.
During the six months ended June 30, 2024, the Company granted an aggregate of shares of restricted stock with an aggregate grant date fair value of $which will be recognized ratably over the vesting terms. The restricted stock has vesting dates ranging from . Expenses related to this award are included within compensation expense on the condensed consolidated statements of operations.
BLINK CHARGING CO.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts)
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