Helbiz Announces Plan to Issue Digital Dividend Coupons

Rhea-AI Summary

Helbiz (NASDAQ: HLBZ) announced its plans to issue digital dividend coupons to reward its shareholders. Proposed by CEO Salvatore Palella, this innovative dividend-in-property aims to foster long-term investor support. Details of the coupon structure will be developed in collaboration with a specialized advisory firm, incorporating blockchain technology for secure implementation. Shareholders will benefit from exclusive discounts across various services, including micro mobility and food delivery. This initiative will also help the company formalize its share count and combat market challenges.

Positive

• Introduction of digital dividend coupons to reward shareholders.
• Collaboration with advisory firm to ensure secure implementation.
• Exclusive discounts on a range of services for shareholders.
• Potential to enhance investor support and attract new investments.

Negative

• None.

Helbiz Takes Bold Step to Reward Investors and Formalize Share Count

NEW YORK--(BUSINESS WIRE)-- Helbiz  (NASDAQ: HLBZ), a global leader in micro-mobility services, announced today its plans to issue digital dividend coupons to its shareholders. The idea to issue a special type of dividend-in-property was proposed by the company's founder and CEO, Salvatore Palella, as an innovative way to reward its genuine investors for their continued support.

Helbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform with over 65 licenses in cities around the world. Helbiz utilizes a customized, proprietary fleet management technology, artificial intelligence and environmental mapping to optimize operations and business sustainability. For additional information, please visit www.helbiz.com. (Photo: Business Wire)

Helbiz is collaborating with a specialized advisory firm to establish the correct digital dividend coupon structure and guarantee a secure, transparent, and robust implementation through a selection of channels amongst which Blockchain Technology.

"This is a historical moment for the stock market as Helbiz takes a bold step forward, joining the pioneers in introducing cutting-edge and technologically advanced solutions,” stated Helbiz CEO, Salvatore Palella. "Our commitment to driving innovation and shaping the future is on full display with this historic move, and we look forward to working closely with regulators in our efforts to innovate in the capital markets."

In particular, Helbiz intends to distribute a fixed dollar amount per share dividend in-property, in the form of digital discount coupons, the details of which will be disclosed at a later date. These coupons will provide shareholders with exclusive discounts and benefits on a range of services, including micro mobility, ride-sharing, car rentals, food delivery, and early access and purchasing of retail vehicles like the Wheels One.

The distribution of the digital dividend coupon will provide the company with a way to track the number of shares, allowing for a better understanding of the company’s shareholder base.

"Our top priority is to maintain stability in the open market and ensure the protection of our investors. I am proud to implement these measures and take a stand against naked short selling and other challenges in the stock market. We hope to collaborate closely with Nasdaq and receive their support as we navigate these complexities. Together, we can not only drive growth for Helbiz, but also set new standards for the industry as a whole." - Salvatore Palella.

In conclusion, the proposed digital dividend coupon strategy is a major step towards recognizing and rewarding current shareholders for their support, attracting new investments, and formalizing share count.

About Helbiz

Helbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform with over 65 licenses in cities around the world. Helbiz utilizes a customized, proprietary fleet management technology, artificial intelligence and environmental mapping to optimize operations and business sustainability. For additional information, please visit www.helbiz.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230207005789/en/

For media inquiries: press@helbiz.com

Source: Helbiz

FAQ

What is the digital dividend coupon announced by Helbiz?

The digital dividend coupon is an initiative by Helbiz to reward shareholders with exclusive discounts and benefits through a digital property, providing support for their continued investment.

When will Helbiz distribute these digital dividend coupons?

The specific timing of the distribution of the digital dividend coupons will be disclosed at a later date.

How will Helbiz ensure the security of digital dividend coupons?

Helbiz is collaborating with a specialized advisory firm and utilizing blockchain technology to guarantee secure and transparent implementation of the digital dividend coupon structure.

What benefits do shareholders receive from the digital dividend coupons?

Shareholders will receive exclusive discounts on various services, including micro mobility, ride-sharing, and food delivery.

How does the new digital dividend strategy impact Helbiz's share count?

The distribution of digital dividend coupons will allow Helbiz to better track the number of shares and formalize its shareholder base.