Helbiz stock tumbles on reverse split, rebrand to Micromobility.com

Shared micromobility company Helbiz said it will do a reverse stock split in an attempt to get back into compliance with the Nasdaq, which issued a delisting notice last July because Helbiz’s stock was trading too low.
Helbiz is also rebranding to Micromobility.com Inc. in order to position itself as a micromobility brand that offers retail, rentals, shared micromobility and *checks notes* sports streaming services.
The rebrand comes alongside the launch of a new brick-and-mortar retail business, which will include the setting up of physical stores across the U.S., starting with its firs

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