By Colin Kellaher
Blink Charging said the Securities and Exchange Commission has wrapped up its investigation of the electric-vehicle infrastructure it provides, and that the regulator doesn't plan to recommend any enforcement action.
Blink on Tuesday said the conclusion of the SEC matter brings closure to a longstanding legacy issue and eliminates a source of legal expense, contributing to a further reduction in its operating costs.
Blink in 2023 disclosed that it had received a subpoena from the SEC requesting documentation and other information relating to various subjects, including executive departures, related-party transactions, and EV charging station and other discrete disclosure matters.
The Bowie, Md., company at the time said it would fully cooperate with the SEC.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 21, 2025 09:37 ET (14:37 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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