CID HoldCo, Inc. has entered into a binding agreement to acquire 100% of Envoy Technologies, Inc. The transaction, detailed in a Form 8-K filed on September 10, 2026, involves the issuance of shares and newly authorized Series C Convertible Preferred Stock to Envoy’s parent company, BladeRanger Ltd.
Under the terms of the Binding Summary of Principal Terms, the acquisition is targeted to close by October 6, 2026. The consideration will be comprised of approximately 10,833,333 shares of Common Stock and 10,599,790 shares of Series C Convertible Preferred Stock. BladeRanger will receive 233,543 shares of Common Stock and 8,433,123 shares of Series C Preferred. Blink Charging Co. holds a $12.5 million convertible note in Envoy that will convert into 20% of Envoy’s equity prior to closing, resulting in the issuance of 2,166,667 shares of Series C Preferred to Blink.
The Series C Preferred has a stated value of $6.00 per share and is non-voting, except for protective provisions. It is convertible into Common Stock on a one-for-one basis upon receipt of stockholder approval but is subject to a 19.99% ownership cap. The transaction is contingent upon the receipt of approvals from the Israeli and Tel Aviv Stock Exchanges, as well as Nasdaq compliance. Stockholder approval is targeted for January 2027.
In a separate agreement disclosed in the filing, CID HoldCo issued a $550,000 unsecured convertible promissory note to H Capital Ventures Management Consultancies Co. LLC. The note bears 8% interest and matures six months from issuance. It is convertible into Common Stock at a price equal to the lower of $1.50 per share or 90% of the ten-day volume-weighted average price, subject to a floor price of $0.50 per share. The note is subject to a 4.99% beneficial ownership limitation.
