Brief: Helbiz Signs Merger Agreement With Wheels, Potentially Doubling Full Year Revenue

micromobility.com

25/10/2022 14:33

Oct 25 (Reuters) - Helbiz Inc  HLBZ.O :
    * HELBIZ SIGNS MERGER AGREEMENT WITH WHEELS, POTENTIALLY
DOUBLING
FULL YEAR REVENUE
    * HELBIZ INC - ON A COMBINED BASIS, COMPANY EXPECTS TO
DELIVER
OVER $25 MILLION IN REVENUE FOR FULL YEAR OF 2022
    * HELBIZ INC- INITIALLY, HELBIZ USERS WILL SEE LINKS WITHIN
APP TO
SWITCH TO WHEELS APP TO RENT THEIR VEHICLES
    * HELBIZ INC- IN COMING MONTHS, HELBIZ INTENDS TO INTRODUCE
A
FULLY INTEGRATED APP
    * HELBIZ INC- COMBINED COMPANY EXPECTS TO ACHIEVE POSITIVE
GROSS
PROFIT MARGIN WITHIN NEXT NINE MONTHS
    * HELBIZ INC -  INTEND TO RESTRUCTURE COMBINED COMPANY
    * HELBIZ INC- COMBINED COMPANY EXPECTS TO ACHIEVE
PROFITABILITY AT
OPERATING LEVEL WITHIN NEXT 24 MONTHS
    * HELBIZ INC - INITIALLY, HELBIZ USERS WILL SEE LINKS WITHIN
APP
TO SWITCH TO WHEELS APP TO RENT THEIR VEHICLES
    * HELBIZ INC - IN COMING MONTHS, HELBIZ INTENDS TO INTRODUCE
A
FULLY INTEGRATED APP

Source text for Eikon:  ID:nBw7p7qQpa 
Further company coverage:  HLBZ.O 
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