Blink Charging amends $12.5 million Envoy note to convert into CID shares
Following the October 9, 2026 closing of BladeRanger's sale of Envoy to CID HoldCo, Blink amended the $12.5 million Envoy convertible note so it will convert into 2,166,667 shares of CID common stock once specified conditions are met. Blink plans to distribute those shares pro rata to its common stockholders, but conversion depends on CID stockholder approval and an effective registration statement, and CID may force a conversion earlier if its stockholders' equity falls below $3,000,000.
Key points
- Blink sold Envoy to BladeRanger on June 5, 2026 for $1.0 million in cash, subject to a working capital adjustment, plus a $12.5 million convertible note.
- On October 9, 2026, BladeRanger closed its sale of Envoy to CID HoldCo, and the note was amended to convert into 2,166,667 CID common shares.
- Conversion requires CID stockholder approval under Nasdaq rules and an effective Form S-1 registration covering the shares, which Blink would then distribute to its stockholders.
- The shares carry a lock-up ending on the earlier of April 1, 2027 and six months after the conversion date; CID may force conversion into Series C Preferred Stock at a $6.00 stated value if its equity is below $3,000,000.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 16, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.