Helbiz rises on stock purchase by CEO

micromobility.com

29/03/2022 18:15

** Shares of transportation and media co  HLBZ.O  up ~15% at
$3.29 after CEO purchases PIPE (private investment in public
equity) units
    ** Co says founder and CEO Salvatore Palella bought 350,000
units, composed of shares and warrants, for an aggregate price
of about $1 mln 
    ** Units purchased were related to a PIPE offering made in
August 2021
    ** More than 1.47 mln shares traded, 4.8 times their 25-day
moving avg 
    ** YTD, stock down 40.25% vs 4.61% slide in the S&P 500
 .SPX 

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))