Why Helbiz Stock Crashed and Burned Today
Shares of Helbiz (NASDAQ: HLBZ) fell sharply on Wednesday, losing as much as 34.1% before stabilizing. As of 11:58 a.m. ET, the stock was down 32.8%.
The micro-mobility company, which also boasts a streaming video business, cratered after the company announced the details of a primary and secondary stock sale to cover underlying warrants related to its recent SPAC deal.
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Source Fool.com
