Electric scooter company Helbiz and GreenVision Acquisition announced today that subscription agreements for a fully committed PIPE of $30 million have been executed. The financing, led by Helbiz’s existing shareholders Copernicus Wealth Management and Finbeauty SRL, is priced at $10 per unit, each consisting of one share and one warrant to purchase one additional share at the exercise price of $11.50. The PIPE investment is anticipated to close concurrently with the proposed business combination between Helbiz and GreenVision.
Assuming no redemptions by GreenVision’s stockholders of the funds currently held in GreenVision’s trust account, the addition of the PIPE will result in a total equity investment of $87.5 million. Read more.
