Helbiz, global leader of micro-mobility, announces that it has completed the business combination transaction with SPAC quoted at the stock exchange GreenVision Acquisition Corp. The shareholders of GreenVision approved the business combination during an extraordinary shareholders’ meeting held on 11 August 2021. The combined company will retain the name Helbiz and the start of negotiations on the Nasdaq Capital Market today 13 August, with the new ticker identifiers “NASDAQ: HLBZ” for Helbiz ordinary shares and “NASDAQ: HLBZW” for warrants Helbiz.
The transaction generated approximately $ 24.5 million in cash receipts before deductions for placement agent fees and other offering related expenses. There quotation will allow a Helbiz to implement its expansion plan of micro mobility services safe and efficient in other cities of Italy, Europe and the United States. At the same time, it will allow the development of activities related to the other business lines of the Group: Helbiz Kitchen with its food delivery services e Helbiz Media with its live streaming services. All accessible through the mobile apps of the Helbiz Group.
The app Helbiz represents a widespread platform that allows users to easily access the required services, safely and quickly. This will lead the group to continuous investments to increase the presence of new offers and services.
The comment of Salvatore Palella, CEO of Helbiz: “The debut at Nasdaq from Helbiz represents an important step, not only for our company, but for the entire sector of micro mobility rapidly growing today. 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 touches all the cities of the world and that above all is to zero impact on the environment“.
“We currently have an international presence in 35 cities, and we study and work to provide solutions for micro-mobility safe and innovative necessary for the reduction of urban congestion andpollution. We intend to continue to invest, particularly in Italy, in relation to the safety, creating new jobs and looking for talent. Special thanks go to the whole team Helbiz, an excellence that works tirelessly to improve our daily life “.
As part of the business combination, Helbiz it will have an international management team led by the CEO Salvatore Palella with the entry into the Board of Directors of a new member, Lee Stern, of the team GreenVision. The remainder of the Board of Directors will be composed of the Group’s Chief Financial Officer, Giulio Profumo and two independent members, Guy Adami And Kim Wilford.
Guy Adami he is currently the Director of Advisor Advocacy of the Private Advisor Group, made up of about 600 financial advisors who manage assets of approximately $ 17 billion. Guy is the main columnist for CNBC, one of the founders of Fast Money. Kim Wilford is currently General Counsel of GoFundMe, Inc., where it manages the legal and compliance obligations of the world’s largest social fundraising platform.
“I am thrilled to join the board of directors of Helbiz and to support its management to create the main company of micro mobility in the world. I am impressed and inspired by the team of Helbiz“, he has declared Kim Wilford. “They have built an environmentally and socially responsible company and I look forward to helping them seize all future opportunities and challenges.”
Scull commented: “We are delighted to welcome the new Board of Directors Helbiz, which brings decades of operational experience gained in various listed companies. The expertise of its members in terms of business strategy, finance, sales, marketing and corporate governance is an invaluable resource for enhancing our businesses. “