GRNV - GreenVision and Helbiz launch $30M PIPE financing

Helbiz a global micro-mobility leader, and GreenVision Acquisition (GRNV) announced that subscription agreements for a fully committed PIPE of $30M have been executed.The financing, led by Helbiz's existing shareholders Copernicus Wealth Management and Finbeauty SRL, is priced at $10/unit; a unit comprised of one share and one warrant to purchase one additional share of common stock at the exercise price of $11.5/share.PIPE investment is anticipated to close concurrently with the earlier announced proposed business combination between Helbiz and GreenVision.The addition of PIPE will lead to a  total equity investment of $87.5M which will be used for growth of the post-merger company.GreenVision and Helbiz merger is expected to close in 2Q21.

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GreenVision and Helbiz launch $30M PIPE financing