Brief: Helbiz Evaluates Investigation into Illegal Trading of Stock

micromobility.com

20/01/2023 14:36

Jan 20 (Reuters) - Helbiz Inc  HLBZ.O :
    * HELBIZ INC - BOARD OF DIRECTORS HAS BEGUN EXAMINING
MEASURES TO
ADDRESS ALLEGED ILLEGAL SHORT SELLING OF ITS STOCK (HLBZ)
    * HELBIZ - BELIEVES THAT CERTAIN INDIVIDUALS AND/OR COS MAY
HAVE
ENGAGED IN ILLEGAL SHORT SELLING PRACTICES THAT HAVE
ARTIFICIALLY DEPRESSED STOCK PRICE
    * HELBIZ - CO'S CEO DISCLOSED HE WILL MEET WITH THIRD
PARTIES THAT
HAVE INDICATED INTEREST IN WORKING WITH CO TO RESOLVE POTENTIAL
SHORT SELLING ISSUE
    * HELBIZ INC - EVALUATING ITS OPTIONS IN CREATING AND IS
CREATING
COMPREHENSIVE ACTION PLAN TO ADDRESS THIS ISSUE

Source text for Eikon:  ID:nBw9b6Nsfa 
Further company coverage:  HLBZ.O