GreenVision Acquisition announced that it has entered into a definitive agreement for a business combination with Helbiz, an Italian-American technology company that offers micro-mobility solutions. The company operates e-scooters, e-bicycles and e-mopeds in over 20 cities around the world.
The transaction values the combined company at an estimated equity value of approximately $408 million.
Approximately $80 million in net proceeds will advance Helbiz’s micro-mobility and advertising businesses assuming no redemptions from the trust account. The transaction includes a proposed $30 million PIPE anchored by institutional investors. The deal is expected to close in the second quarter, pending shareholder approvals.
The surviving company will be Helbiz and will list on the Nasdaq under HLBZ. Read more.
