HLBZ - Helbiz In A Nutshell: Visionary Hyped Business Model With Poor Economics

• Like many recent SPAC names, Helbiz is proposing investors a new, innovative business and receiving an overhyped valuation despite bad economics.
• The company had no cash back in June 30, 2021, and returned to the market with a very dilutive and hostile equity raise for existing shareholders. More dilution should be.
• While the business model seems straightforward and the value proposition for clients is clear, the economics are opaque and it’s difficult to properly value the company without (super) optimistic assumptions.
• As of Nov 18, 2021, Helbiz is a sell following its constant need for fresh equity, opaque economics, and difficult-to-scale business model.

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