HLBZ - Helbiz jumps 7% after CEO buys units in private investment offering

Helbiz (NASDAQ:HLBZ) stated Tuesday that Founder and CEO Salvatore Palella has purchased 350,000 units, worth $1M.  Each unit comprises of one common share and one warrant to purchase an additional share at $11.50 per share. These units pertain to August 2021 Private Investment in Public Equity (PIPE) offering. "As the market matures, we see global interest in bringing micro-mobility to their streets. Right now, just in the United States, we’re in conversations with over a dozen local governments, universities and B2B partners about providing our services," stated Palella. Stock is up 7% in premarket trading. Earlier (Mar. 25), Helbiz stock jumps on selection as public e-bike vendor for Belgrade

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Helbiz jumps 7% after CEO buys units in private investment offering