JMJ’s capital and expertise were critical contributions to Blink’s successful $18.5 million raise and NASDAQ listing
JMJ Financial announced that it converted its $3.75 million bridge loan into the successful $18.5 million public offering and subsequent Nasdaq uplisting of Blink Charging Co. (Nasdaq: BLNK). JMJ also invested an additional $2 million of new cash into the offering, bringing JMJ’s total cash investment to $5.75 million.
“Justin Keener and his team at JMJ Financial have been invaluable partners in this process,” said Mike Calise, Blink Charging’s Chief Executive Officer. “Justin was always there to invest capital as we needed it, but most importantly, he was always committed to the mission. Justin invested time and effort helping us navigate through the process while leveraging his extensive connections to ensure our success. I’m not sure we’d have made this important milestone without his critical contributions throughout.”
“Blink Charging is one of the leaders in nationwide public electric vehicle charging equipment and services, enabling EV drivers to easily charge at thousands of locations throughout the United States,” said Justin Keener, Principal & Portfolio Manager at JMJ Financial. “JMJ brings to every transaction not only funds from deep pockets, but also the expertise and extensive relationships developed over our 16+ year history. We’re excited to have played a key role in assisting Blink’s management team in the successful listing to Nasdaq of this exciting company.”
JMJ invests growth and development capital utilizing a wide variety of structures. In addition to bridge lending, JMJ’s innovative new Term Loan program provides short term capital to smaller micro-cap companies that can be repaid without the risk of interim conversions or pre-payment penalties.
Our deep pockets and innovative structures allow us to create long-term partnerships with innovative growth companies. Contact us to see how we can help yours.
Opening bell on Feb. 22, 2018 – Blink Charging Co. (Nasdaq: BLNK)
Justin Keener of JMJ Financial (left) and Michael Farkas, Founder
and Chairman of BLNK (right)