Blink Charging
🧟 ZombieTrust Size
$50M
Peak Price
$64.50
Current Price
$1.50
Return
-97.7%
Peak Market Cap
$4.0B
What Happened
EV charging company that became a meme stock during the EV SPAC boom. Peaked at $64 with minimal revenue. Crashed 97% as the charging network remained tiny.
Blink went public via a reverse merger in 2018 and rode the EV SPAC mania to a $64 stock price by 2021. The company installs EV charging stations but had minimal revenue — under $20M when it hit a $4B market cap. Short sellers targeted the stock, alleging that Blink exaggerated its network size. Revenue eventually grew to $150M but the company remained deeply unprofitable. Stock crashed from $64 to $1.50.
Projections vs. Reality
Projected Revenue
$500M
What they told investors
Actual Revenue
$150M
What actually happened
Hype-to-Reality Ratio: 30.0x
Key People
Michael Farkas
Founder
Controversial founder, SEC scrutiny over stock sales
Brendan Jones
CEO
Took over operations 2021
Timeline
2018-05
Reverse merger, public listing
2021-01
Stock surges to $64 on EV mania
2021-09
Short seller reports
2023-01
Stock below $5
2024-06
Stock at $1.50, reverse split risk
⚖️ Legal Actions
• SEC enforcement action or investigation
• Class action lawsuit filed by shareholders
📄 SEC Filings
View all EDGAR filings for Blink Charging
Risk Scores
Dilution Score
70/100
Insider Profit Index
62/100
Hype-to-Reality Ratio
30.0x
Projected ÷ actual revenue