Helbiz Meets Nasdaq Market Value of Listed Securities Requirement

Helbiz (NASDAQ: HLBZ), a global leader in micromobility services, is pleased to announce that it has regained compliance with the Nasdaq’s market value of listed securities requirements.

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Helbiz is a global leader in micromobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles, e-mopeds all on one convenient, user-friendly platform with over 65 licenses in cities around the world. The merger with Wheels, a leading player in California, adds an unique sit-down scooter along with long-term rental subscriptions for individuals, businesses and universities. Helbiz uses a customized, proprietary fleet management technology, artificial intelligence and environmental mapping to optimize operations and business sustainability. For additional information, please visit www.helbiz.com. (Photo: Business Wire)

In June 2022, Helbiz, received written notice from the Nasdaq that it did not comply with Nasdaq’s requirement the market value of its Class A Common Stock together with its publicly traded warrants exceed $35 million or more for ten consecutive business days (the “Market Value of Listed Securities Requirement”). Helbiz discussed this matter with the Nasdaq Hearing Panel in February 2023, and the Hearing Panel required Helbiz to regain compliance with the Market Value of Listed Securities Requirement. On March 7, 2023, Helbiz received a letter from Nasdaq stating that it has regained compliance with the Market Value of Listed Securities Requirement.

"We are pleased to have regained compliance with Nasdaq’s market value of listed securities requirement," said Salvatore Palella, CEO of Helbiz. "This is an important step for the Company, and we will continue to work hard to meet all of Nasdaq’s listing requirements."

About Helbiz

Helbiz is a global leader in micromobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles, e-mopeds all on one convenient, user-friendly platform with over 65 licenses in cities around the world. The merger with Wheels, a leading player in California, adds an unique sit-down scooter along with long-term rental subscriptions for individuals, businesses and universities. Helbiz uses a customized, proprietary fleet management technology, artificial intelligence and environmental mapping to optimize operations and business sustainability. For additional information, please visit www.helbiz.com.