|6 Months Ended|
Jun. 30, 2021
7. STOCKHOLDERS’ EQUITY
In January 2021, the Company completed an underwritten registered public offering of 232.1 million in gross proceeds from the public offering, and approximately $221.4 million in net proceeds after deducting the underwriting discount and offering expenses paid by the Company. The Company’s Chief Executive Officer and one other officer participated in the offering by selling a total of shares of the Company’s common stock from the exercise of the underwriter’s option to purchase additional shares. The public offering was made pursuant to the Company’s automatic shelf registration statement on Form S-3 filed with the SEC on January 6, 2021 and prospectus supplement dated January 7, 2021. shares of common stock at a public offering price of $ per share. The Company received approximately $
During the six months ended June 30 2021, the Company issued shares as partial consideration for its acquisition of Blue Corner. See Note 3 – Business Combination for additional details.
During the six months ended June 30, 2021, the Company issued an aggregate of 996,144. shares as compensation for services. The shares had an issuance date fair value of $
During the six months ended June 30 2021, the Company issued shares as partial consideration for the purchase of property and equipment. See Note 4 – Property and Equipment for additional details.
During the six months ended June 30, 2021, the Company issued an aggregate of shares of the Company’s common stock pursuant to the cashless exercise of options.
See Note 10 – Commitments and Contingencies – CEO Employment Agreement for details associated with options granted to the Company’s CEO.
BLINK CHARGING CO. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
7. STOCKHOLDERS’ EQUITY – CONTINUED
During the six months ended June 30, 2021, the Company issued an aggregate of 341,886 shares of the Company’s common stock pursuant to the exercise of warrants at an exercise price of $4.25 for aggregate net proceeds of $1,427,647.
During the six months ended June 30, 2021, the Company issued shares of the Company’s common stock representing a modification of the initial warrant exercise pursuant to a legal settlement. See Note 10 – Commitments and Contingencies – Litigation and Disputes for details.
The Company recognized stock-based compensation expense related to common stock and stock options for the three and six months ended June 30, 2021 of $and $, respectively, and for the three and six months ended June 30, 2020 of $and $, respectively, which is included within compensation expense on the condensed consolidated statements of operations. As of June 30, 2021, there was $of unrecognized stock-based compensation expense that will be recognized over the weighted average period of years which includes $ of unrecognized stock-compensation of expense relating to the special four-year performance option for the CEO.
See Note 10- Commitments and Contingencies for additional details.
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef