Helbiz is Compliant With Nasdaq Listing Requirements

Rhea-AI Summary

Helbiz, a leader in micro-mobility, announced it is compliant with Nasdaq Listing Rule IM-5101-2 as of September 29, 2021. This compliance allows its common stock to remain listed on The Nasdaq Stock Market. The company also reminds warrant holders that they can exercise their warrants following the effectiveness of its Form S-1 filing. Helbiz, headquartered in New York City, operates in 35 global cities, offering e-scooters, e-bicycles, and e-mopeds, utilizing proprietary technology to enhance its services.

Positive

• Helbiz is compliant with Nasdaq listing requirements, ensuring continued listing of its stock.
• Warrant holders can exercise their warrants following the recent Form S-1 filing.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Helbiz, Inc. (“Helbiz” or the “Company”) (Nasdaq:HLBZ), a leader in micro-mobility and the first in its industry to be publicly listed on The Nasdaq Stock Market, today announced that on September 29, 2021, it received notice from The Nasdaq Stock Market (“Nasdaq”) informing that the Company is compliant with Nasdaq Listing Rule IM-5101-2. Accordingly, Helbiz meets all applicable initial listing requirements and its common stock will continue to be listed on The Nasdaq Stock Market. Nasdaq considers the matter closed.

Helbiz is Compliant with Nasdaq Listing Requirements

Separately, the Company reminds holders of its publicly traded warrants that with the declaration of effectiveness of its recently filed Form S-1, the warrants can be exercised. Holders wishing to exercise should contact their brokerage firm or custodian.

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 in 35 cities around the world. Helbiz utilizes a customized, proprietary fleet management technology, artificial intelligence and environmental mapping to optimize operations and business sustainability. Helbiz is expanding its urban lifestyle products and services to include live streaming services, food delivery and more, all accessible within its mobile app.

Forward-Looking Statements

Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the failure to meet projected development and production targets; (ii) changes in applicable laws or regulations;(iii) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (iv) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in its periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and amended on May 21, 2021. The Company’s SEC filings are available publicly on the SEC's website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to Helbiz and speaks only as of the date on which it is made. Helbiz undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210929005963/en/

Helbiz

For investors and media inquiries:

Global Head of Communications:

Davide D’Amico - +39 335 7715011 - davide.damico@helbiz.com

PR and Communication Manager:

Chiara Garbuglia - +39 335 7388163 - chiara.garbuglia@helbiz.com

Regions

USA

The Blueshirt Group

Gary Dvorchak, CFA - +1 (323) 240-5796 - gary@blueshirtgroup.com

Agent of Change

Marcy Simon - +1 (917) 833-3392 - marcy@agentofchange.com

EUROPE

Helbiz Investor Relations: investor.relations@helbiz.com

Source: Helbiz, Inc.

FAQ

Is Helbiz compliant with Nasdaq listing requirements as of 2021?

Yes, Helbiz is compliant with Nasdaq Listing Rule IM-5101-2 as of September 29, 2021.

What does the compliance with Nasdaq mean for Helbiz's stock?

Helbiz's compliance means its common stock will continue to be listed on The Nasdaq Stock Market.

Can holders of Helbiz's warrants exercise them?

Yes, holders can exercise their warrants following the filing of its Form S-1.

What services does Helbiz offer?

Helbiz offers micro-mobility services including e-scooters, e-bicycles, and e-mopeds in 35 cities.