{"id":728625,"date":"2023-02-03T09:23:08","date_gmt":"2023-02-03T14:23:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\/"},"modified":"2023-02-03T09:23:08","modified_gmt":"2023-02-03T14:23:08","slug":"nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\/","title":{"rendered":"Nasdaq Panel Grants Helbiz\u2019s Request for Extension to Comply with Continued Listing Requirements"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Nasdaq Panel Grants Helbiz\u2019s Request for Extension to Comply with Continued Listing Requirements<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nHelbiz, Inc. (Nasdaq: HLBZ)(\u201cHelbiz\u201d or the \u201cCompany\u201d), a leading provider of micro-mobility solutions, today announced that it received notice from the Nasdaq Listing Qualifications Panel (the \u201cHearings Panel\u201d) of The Nasdaq Stock Market LLC (\u201cNasdaq\u201d) that it has granted the Company an extension to regain compliance with the continued listing requirements for The Nasdaq Capital Market (the \u201cPanel Decision\u201d), as discussed more fully below.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20230203005225\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230203005225\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230203005225\/en\/1704810\/4\/H_CS_3223.jpg\" alt=\"Helbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform with over 65 licenses in cities around the world. Helbiz utilizes 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. (Graphic: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Helbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform with over 65 licenses in cities around the world. Helbiz utilizes 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. (Graphic: Business Wire)<\/p>\n<\/div>\n<p>\nThe Hearings Panel granted the Company an extension until March 31, 2023, to regain compliance with the Market Value of Listed Securities requirement and to achieve a $1.00 bid price. In the event that the Company regains compliance with those Panel Decision requirements by that date, the Company expects to be afforded a further extension through June 6, 2023, to demonstrate compliance with the Nasdaq annual meeting requirement. In that regard, following its demonstration of compliance with these requirements set forth in the Panel Decision, the Company plans to hold a combined annual meeting for the fiscal years ended December 31, 2021 and 2022, thereby regaining compliance with all applicable requirements for continued listing on The Nasdaq Capital Market.\n<\/p>\n<p>\n\u201cWe are pleased that the Hearings Panel has provided us with this extension,\u201d said Salvatore Palella, Chief Executive Officer of Helbiz. \u201cHelbiz is on the road to progress as evidenced by the Wheels acquisition and the proposed Helbiz Kitchen expansion into the US, and the Company plans to take the steps necessary to regain compliance with all applicable listing requirements.\u201d\n<\/p>\n<p>\nNotwithstanding the foregoing, there can be no assurance that the Company will be able to meet these deadlines or ultimately regain compliance with all applicable requirements for continued listing.\n<\/p>\n<p><b>About Helbiz<\/b><\/p>\n<p>\nHelbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform with over 65 licenses in cities around the world. Helbiz utilizes a customized, proprietary fleet management technology, artificial intelligence and environmental mapping to optimize operations and business sustainability. For additional information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.helbiz.com&amp;esheet=53301795&amp;newsitemid=20230203005225&amp;lan=en-US&amp;anchor=www.helbiz.com&amp;index=1&amp;md5=62181c2f1bec37c47f0ea0339eb91fb9\">www.helbiz.com<\/a>.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nCertain statements made in this press release are \u201cforward-looking statements&#8221; within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as \u201canticipate\u201d, \u201cbelieve\u201d, \u201cexpect\u201d, \u201cestimate\u201d, \u201cplan\u201d, \u201coutlook\u201d, and \u201cproject\u201d and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward looking statements. Due to known and unknown risks, actual results may differ materially from the Company\u2019s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the failure to meet projected development and production targets; (ii) changes in applicable laws or regulations; (iii) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (iv) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the \u201cSEC\u201d) by the Company. Additional information concerning these and other factors that may impact the Company\u2019s expectations and projections can be found in its periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and its Quarterly Reports for the first three quarters of 2022. The Company\u2019s SEC filings are available publicly on the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=53301795&amp;newsitemid=20230203005225&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=2&amp;md5=6e9080d8341c5cb84fe140b34c065353\">www.sec.gov<\/a>. Any forward-looking statement made by us in this press release is based only on information currently available to Helbiz and speaks only as of the date on which it is made. Helbiz undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230203005225r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230203005225\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230203005225\/en\/<\/a><\/span><\/p>\n<p>\nFor media inquiries: <a rel=\"nofollow\" href=\"mailto:press@helbiz.com\">press@helbiz.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Automotive Other Automotive Technology Transport Other Technology Public Transport Other Transport<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230203005225\/en\/747436\/3\/helbiz_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230203005225\/en\/1704810\/3\/H_CS_3223.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Helbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform with over 65 licenses in cities around the world. Helbiz utilizes 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. (Graphic: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq Panel Grants Helbiz\u2019s Request for Extension to Comply with Continued Listing Requirements NEW YORK&#8211;(BUSINESS WIRE)&#8211; Helbiz, Inc. (Nasdaq: HLBZ)(\u201cHelbiz\u201d or the \u201cCompany\u201d), a leading provider of micro-mobility solutions, today announced that it received notice from the Nasdaq Listing Qualifications Panel (the \u201cHearings Panel\u201d) of The Nasdaq Stock Market LLC (\u201cNasdaq\u201d) that it has granted the Company an extension to regain compliance with the continued listing requirements for The Nasdaq Capital Market (the \u201cPanel Decision\u201d), as discussed more fully below. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230203005225\/en\/ Helbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Nasdaq Panel Grants Helbiz\u2019s Request for Extension to Comply with Continued Listing Requirements&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-728625","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nasdaq Panel Grants Helbiz\u2019s Request for Extension to Comply with Continued Listing Requirements - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nasdaq Panel Grants Helbiz\u2019s Request for Extension to Comply with Continued Listing Requirements - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Nasdaq Panel Grants Helbiz\u2019s Request for Extension to Comply with Continued Listing Requirements NEW YORK&#8211;(BUSINESS WIRE)&#8211; Helbiz, Inc. (Nasdaq: HLBZ)(\u201cHelbiz\u201d or the \u201cCompany\u201d), a leading provider of micro-mobility solutions, today announced that it received notice from the Nasdaq Listing Qualifications Panel (the \u201cHearings Panel\u201d) of The Nasdaq Stock Market LLC (\u201cNasdaq\u201d) that it has granted the Company an extension to regain compliance with the continued listing requirements for The Nasdaq Capital Market (the \u201cPanel Decision\u201d), as discussed more fully below. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230203005225\/en\/ Helbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and &hellip; Continue reading &quot;Nasdaq Panel Grants Helbiz\u2019s Request for Extension to Comply with Continued Listing Requirements&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-03T14:23:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20230203005225\/en\/1704810\/4\/H_CS_3223.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Nasdaq Panel Grants Helbiz\u2019s Request for Extension to Comply with Continued Listing Requirements\",\"datePublished\":\"2023-02-03T14:23:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\\\/\"},\"wordCount\":917,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20230203005225\\\/en\\\/1704810\\\/4\\\/H_CS_3223.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\\\/\",\"name\":\"Nasdaq Panel Grants Helbiz\u2019s Request for Extension to Comply with Continued Listing Requirements - 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(Nasdaq: HLBZ)(\u201cHelbiz\u201d or the \u201cCompany\u201d), a leading provider of micro-mobility solutions, today announced that it received notice from the Nasdaq Listing Qualifications Panel (the \u201cHearings Panel\u201d) of The Nasdaq Stock Market LLC (\u201cNasdaq\u201d) that it has granted the Company an extension to regain compliance with the continued listing requirements for The Nasdaq Capital Market (the \u201cPanel Decision\u201d), as discussed more fully below. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230203005225\/en\/ Helbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and &hellip; Continue reading \"Nasdaq Panel Grants Helbiz\u2019s Request for Extension to Comply with Continued Listing Requirements\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\/","og_site_name":"Market Newsdesk","article_published_time":"2023-02-03T14:23:08+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20230203005225\/en\/1704810\/4\/H_CS_3223.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Nasdaq Panel Grants Helbiz\u2019s Request for Extension to Comply with Continued Listing Requirements","datePublished":"2023-02-03T14:23:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\/"},"wordCount":917,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20230203005225\/en\/1704810\/4\/H_CS_3223.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/nasdaq-panel-grants-helbizs-request-for-extension-to-comply-with-continued-listing-requirements\/","name":"Nasdaq Panel Grants Helbiz\u2019s Request for Extension to Comply with Continued Listing Requirements - 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