Helbiz evaluates investigation into illegal trading of stock

New york--( business wire )--helbiz (nasdaq: hlbz), a leading global provider of electric shared micro-mobility solutions, announced today that its board of directors has begun examining measures to address the alleged illegal short selling of its stock (hlbz). the company believes that certain individuals and/or companies may have engaged in illegal short selling practices that have artificially depressed the stock price. as a result, helbiz is evaluating its options and following the example of companies like the genius group (nyse american: gns) in creating a comprehensive action plan to address this issue. salvatore palella, ceo of helbiz, has disclosed that he will meet with third parties that have indicated interest in working with helbiz to resolve the potential short selling issue.
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