Jun. 7 at 12:24 PM
$BLNK
Part 1 of 2
Blink had acquired Envoy in a transaction valued at about
$34 million in 2023.
I looked but not seeing any publicly stated information on Blink’s sale price of Envoy to Blade Ranger.
What I read is the transaction was a mix of cash and a convertible note.
As investors, we need to know:
-the cash amount paid,
-the conversion terms of the note,
-Envoy's revenue and profitability,
-and whether Blink records a gain or loss on the sale.
I have a lot of shares with
$BLNK and similarly to others holding last Friday’s stock price drop was felt. Around the time of the transaction Blade Ranger stock was up about 11% but unable to make a causation effect that the increase on the stock price was due to the purchase.
For the sale to meaningful in my view (and it’s my view) it must be in the upper
$30 million or very low
$40 million as if lower Blade Ranger got the most benefit.
