` – Helbiz, global leader in micro.mobility, has completed the business combination with the listed SPAC GreenVision Acquisition. GreenVision shareholders approved the business combination at an extraordinary meeting held on Wednesday. The combined company, explains a note, will keep the name Helbiz e Nasdaq trading is expected to begin today, August 13th, with the new ticker identifiers “NASDAQ: HLBZ” for Helbiz common shares and “NASDAQ: HLBZW” for Helbiz warrants.
The operation led cash receipts of approximately $ 24.5 million gross of deductions for fees payable to the placement agent and other expenses related to the offer. The listing will allow Helbiz to implement its plan to expand safe and efficient micromobility services in other cities in Italy, Europe and the United States. At the same time it will allow to develop the activities related to the other business lines of the Group: Helbiz Kitchen with its food delivery services and Helbiz Media with its live streaming services. All accessible through the mobile apps of the Helbiz group.
The Helbiz app represents a widespread platform which 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.
“Helbiz’s Nasdaq debut,” he commented Salvatore Palella, CEO of Helbiz, represents an important milestone, 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 related to the first and last mile– An innovation that affects all cities in the world and above all has zero impact on the environment. We currently have an international presence in 35 cities, and we study and work to provide the safe and innovative micro.mobility solutions necessary to reduce urban congestion and pollution. We intend to continue investing, particularly in Italy, in relation to safety, creating new jobs and looking for talent. A special thanks goes to all the Helbiz team, an excellence that works tirelessly to improve our daily life “.
As part of the business combination, Helbiz will have an international management team led by ceo Salvatore Palella with the entry into the board of directors of a new member, Lee Stern, of the GreenVision team. 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.
Adami he is currently the Director of Advisor Advocacy of the Private Advisor Group, made up of approximately 600 financial advisors who manage assets of approximately $ 17 billion. He is the main columnist of Cnbc, one of the founders of the Fast Money program. Wilford he is general counsel of GoFundMe, where he manages the legal and compliance obligations of the largest social fundraising platform in the world.
“I am thrilled to join Helbiz’s board of directors and support its management to create the world’s leading micro.mobility company. I am impressed and inspired by the Helbiz team,” said Wilford. “They built an ecologically and socially responsible company and I look forward to helping them seize all future opportunities and challenges, “he added.
“We are delighted to welcome the new Helbiz Board of Directors, which brings decades of operational experience gained in various listed companies,” said Palella. “The expertise of its members in terms of business strategy, finance, sales, marketing and corporate governance represents an invaluable resource for enhancing our businesses“, he concluded.