Blink Charging Co (BLNK)

[EYEBUYSTOX]

New Institutional Investor?

On May 27, 2011, Car Charging Group, Inc., (the "Company") entered into a Stock Purchase Agreement (the "Purchase Agreement") with Platinum Partners Liquid Opportunity Master Fund, LP (the "Purchaser"). Pursuant to the Purchase Agreement, the Company sold 333,333 shares of its common stock, $0.001 par value per share (the "Common Stock") to the Purchaser at per share price of $3.00 for aggregate offering proceeds of $999,999. The proceeds received by the Company will be used for working capital and the acquisition and installation of Electric Vehicle (EV) Charging Stations.