HLBZ - HLBZ STOCK NEWS

micromobility.com Inc. (NASDAQ: MCOM) announced the last date for pre-orders of the Wheels One vehicle to guarantee delivery by the end of 2023. Customers must place their orders by April 30th for guaranteed shipping; late orders will be processed in 2024. The Wheels One, priced at 1,699 USD, features advanced safety and performance attributes, including a 48V 750W motor and a Lidar sensor system. CEO Salvatore Palella noted strong demand during previous pre-order rounds, emphasizing the push for sustainable transportation solutions. The vehicle components are manufactured in Taiwan and assembled in the United States, ensuring high-quality production.

micromobility.com Inc. (NASDAQ: MCOM) has initiated a proposal for Phase 2, focusing on resolving significant stock imbalances and potential illegal naked short sales identified by Share Intel's analysis. This analysis revealed consistent irregularities and imbalances compared to average trading volumes, indicating they may stem from unregulated activities. The company plans to enhance communication with brokers, Broadridge, and the SEC to ensure market integrity. CEO Salvatore Palella expressed concerns about these findings, emphasizing the need for transparency and regulatory compliance to protect investors.

Helbiz Kitchen, a subsidiary of micromobility.com (NASDAQ: MCOM), is launching its first ghost kitchen in Austin, Texas, marking the third location in North America after Los Angeles and Santa Monica. The menu will mirror offerings from other locations globally, ensuring consistent quality. This expansion will leverage the established customer base from Wheels shared mobility and vehicle rentals in Austin. The initial brands available include Burger & Sons, Pokaii, and What the Farm, accessible via the Kitchen United MIX App and third-party delivery services. Future expansions are planned for cities like New York City and Chicago.

micromobility.com Inc. (NASDAQ: MCOM) announced the launch of same-day delivery services in New York City, starting May 2023. This initiative follows the introduction of the company's e-commerce platform and aims to enhance customer convenience by delivering orders placed by 11AM ET on the same day. The service covers all five boroughs, promoting sustainable transport solutions.

CEO Salvatore Palella emphasized its commitment to excellent customer service and aims to extend this innovative delivery option to additional cities in the future.

Helbiz reported a 21% increase in full-year revenue to $15.5 million for 2022, driven by a 15% year-over-year growth in Annual Active Platform Users (AAPUs). The combined pro forma revenue with Wheels Labs Inc. would have been $21.2 million. The company has rationalized its cost structure, reducing operating expenses and prioritizing profitability. Notably, Helbiz regained compliance with Nasdaq's Market Value of Listed Securities requirement in March 2023. The management is focused on further cost optimization and potential growth in new markets.

Helbiz (NASDAQ: HLBZ) has regained compliance with Nasdaq's market value requirements for listed securities after receiving a letter on March 7, 2023. This follows a prior notice in June 2022 indicating non-compliance due to the market value of its Class A Common Stock, along with publicly traded warrants, falling below $35 million for ten consecutive business days. CEO Salvatore Palella expressed satisfaction with this achievement, highlighting its importance for the company. Helbiz is recognized as a leader in micromobility services, operating various vehicle types and holding over 65 licenses globally.

Helbiz Kitchen has launched operations in Santa Monica, marking Los Angeles as the first US city to host both mobility and food delivery services. This initiative comes through a partnership with Kitchen United, with a second location set to open in Westwood next week. The company offers authentic Italian quality with three brands—Burger & Sons, Pokaii, and What the Farm—available via multiple delivery platforms. CEO Salvatore Palella emphasized that Los Angeles is the first step in their expansion, targeting Austin and New York by end of March.