Helbiz, a global leader in micro-mobility and the first in its sector to be listed on Nasdaq, announced today that it has raised $ 7,284,318.50 from the exercise of 633,419 Warrants by shareholders at an exercise price of $ 11.50 per share (“Warrants”). The total of the Warrants originally issued were part of the private placement and amounted to a total of 7,850,000 Warrants, all exercisable at $ 11.50 per share. The exercise of the Warrants so far carried out by the shareholders has reduced the total residual amount of the Warrants to be exercised to 7,216,581.
The society it used the proceeds deriving from the exercise of the Warrants for the purchase of 2,500 electric motors, 2,000 of which will be used to strengthen the presence of these vehicles in the Italian cities where the MiMoto brand operates and to expand this new sharing mobility in other European countries. The remaining 500 electric scooters will be used for new cities in the United States.
Helbiz is pleased that its shareholders have directly contributed to the company’s ability to expand, both in current and future markets. This represents the first step in the exercise of Warrants and others are expected to follow, with the aim of continuing to concentrate these revenues to maximize profitability.
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