Helbiz debuts on the stock exchange, a micro-sharing company of scooters, mopeds and electric bikes: today the start of negotiations on the Nasdaq, on Wall Street. The listing, explains a note from the company, takes place at the end of the business combination process with Greenvision approved by the extraordinary shareholders’ meeting on 11 August 2021. Helbiz, born in New York and active since 2016, is the first company in the sector to be listed and the total value of the resources raised with the operation “is $ 29.5 million”. Of these, 21.5 million was raised as part of a reserved placement (Pipe) of 2,650,000 newly issued ordinary shares; to the Pipe are to be added the assets held in the GreenVision trust, for a total of 2,308,551 shares exchanged by the shareholders of the SPAC. At the time of the merger, Helbiz will have 29,454,428 outstanding shares (HLBZ) and 10,787,500 outstanding warrants (HLBZW). For the CEO of Helbiz Salvatore Palella, «the debut at Nasdaq represents an important stage, not only for our company, but for the entire micro-mobility sector, which is currently growing rapidly. An innovation of mobility, in the name of safety, in support of both public and private services. This allows us to continue to meet the mobility needs of the first and last mile. An innovation that affects all cities in the world and which, above all, has zero impact on the environment “, he stressed.
After the business combination, Helbiz will have an international summit led by CEO Palella with the entry into the Board of Directors of a new member, Lee Stern, of the GreenVision team, while the remaining part of the Board of Directors will be composed of the Chief financial officer of the Group, Giulio Profumo and two independent members, Guy Adami (the main commentator of CNBC, one of the founders of the show ‘Fast Money’) and Kim Wilford (General counsel of ‘GoFundMe Inc.’ where he manages the legal and compliance obligations of the largest social fundraising platform in the world). The company was founded in 2016 by Palella with the aim of developing and spreading a mobile platform and an interconnected network of next-generation electric-propelled transport vehicles, and launched in October 2018 in Milan for the first time the electric scooter service, which paved the way for the regulation of these vehicles and the approval of the national decree on micro-mobility in 2019.