Micromobility.com Dropped from Nasdaq Listing

Img 2502
Micromobility.com, formerly Helbiz, was delisted from the Nasdaq on Monday as a result of the company’s noncompliance with the stock exchange’s listing rules, according to a regulatory filing. Competitor Bird — the only other shared micromobility company to brave the public markets — was also delisted from the stock exchange in September. The company’s stock has struggled to remain in compliance since going public via special purpose acquisition merger in 2021. In March, the company issued a reverse stock split to bring the price back into compliance, the gains from which didn’t last long. The company’s stock closed Monday at $0.44.