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home / news releases / GRNV - Helbiz (to be merged with GreenVision Acquisition) announced $15M loan facility

GRNV - Helbiz (to be merged with GreenVision Acquisition) announced $15M loan facility

GreenVision Acquisition Corp
Helbiz, a micro-mobility leader, who has entered into an agreement to merge with GreenVision Acquisition (GRNV) announced it has entered into a $15M secured term loan facility with an institutional lender."By using this debt instrument, we have diversified the Company’s funding sources, improving our cost of capital in a non-dilutive manner for our shareholders, while positioning us well to continue growing our footprint across the US and European market. The proceeds from the secured loan will be used to fund the expansion of operations and other strategic growth initiatives," Helbiz CFO Giulio Profumo commented.

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Helbiz (to be merged with GreenVision Acquisition) announced $15M loan facility
Stock Information
Company Name: GreenVision Acquisition Corp
Stock Symbol: GRNV
Market: NASDAQ
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