HLBZW - Helbiz: Buy The Warrants As Meme Stock Mania Creates Major Impending Opportunity
- HLBZ warrants have an intrinsic value of $12.90 but trade at only $2.12 as of Wednesday's close.
- The warrants are not exercisable yet, making it difficult to act on the large arbitrage opportunity that exists.
- Once shares and warrants are exercisable, the arbitrage gap will quickly close, creating selling pressure on the stock and buying pressure on the warrants.
- HLBZ recently filed an S-1 registering the shares and warrants associated with its PIPE. The filing should be effective and warrants exercisable in days.
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Helbiz: Buy The Warrants As Meme Stock Mania Creates Major Impending Opportunity