Helbiz, Inc. entered into a letter of intent to acquire GreenVision Acquisition Corp. (NasdaqCM:GRNV) from Hudson Bay Capital Management LP, Feis Equities, LLC, Periscope Capital Inc, Basso Spac Fund LLC, a fund managed by Basso Capital Management, L.P. and others for approximately $310 million in a reverse merger transaction on December 6, 2020. Helbiz, Inc. entered into an agreement to acquire GreenVision Acquisition Corp. in a reverse merger transaction on February 8, 2021. Helbiz will receive 30 million new shares of GreenVision. Post-closing, Helbiz will own 73.6% in GreenVision. As of March 11, 2021, Helbiz and GreenVision announced that subscription agreements for a fully committed PIPE of $30 million have been executed. The financing, led by Helbiz's existing shareholders Copernicus Wealth Management and Finbeauty SRL, is priced at $10 per unit, with a unit comprised of one share and one warrant to purchase one additional share of common stock at the exercise price of $11.50 per share. The PIPE investment is anticipated to close concurrently with the previously announced proposed business combination. Assuming no redemptions by GreenVision's stockholders of the funds currently held in GreenVision's trust account, the addition of the PIPE will result in a total equity investment of $87.5 million. As of March 29, 2021, Ortoli Rosenstadt announces closing a $15 million debt financing deal with multiple European based hedge funds for its client Helbiz. The financing gives Helbiz necessary funds for preparing to close its merger with GreenVision Acquisition. Helbiz shall pay to GreenVision a break-up fee in the event of termination equal to $15 million and security deposit for $0.75 million. The combined company will retain the corporate name Helbiz and will be listed on the Nasdaq Capital Market under the proposed new ticker symbol, “HLBZ. The transaction will introduce Helbiz as a Nasdaq-listed public company. The combined company will continue to operate under the current Helbiz management team, led by Chief Executive Officer, Salvatore Palella. Immediately following the Closing, GreenVision's board of directors will consist of five directors, one of which will be designated by GreenVision and four of which will be designated by Helbiz. As of April 13, 2021, the final composition of the GreenVision board of directors was agreed following the closing of the transaction. Kim Wilford, Guy Adami, Salvatore Palella and Giulio Profumo will be added to the Board of Directors of GreenVision simultaneous with the completion of the merger with Helbiz, Inc. Lee Stern, currently a member of the GreenVision Board of Directors, will continue on the Board.

The transaction is subject to GreenVision shareholder's approval, approval of the listing of GreenVision's common stock to be issued in connection with the Business Combination, that Helbiz shall have delivered to GreenVision its audited financial statements for the two fiscal years ended December 31, 2020, that Helbiz shall have delivered to GreenVision executed payoff letters for all indebtedness of Helbiz that remain unpaid prior to Closing, Helbiz shall have entered into employment agreements with its executive officers, the consummation of the PIPE Investment and other closing conditions. Helbiz is a privately-held company and the holders of a majority of its issued and outstanding shares of Helbiz common stock have approved the transaction, all necessary governmental approvals having been obtained, each of the directors and officers of GVAC, other than Jonathan Intrater shall provide their resignations effective at Closing, GVAC shall have received the audited financial statements of Helbiz, execution of lock up agreement, registration rights agreement and escrow agreement and the projections and GVAC shall have unrestricted cash on hand equal to or in excess of $15,000,000 before payment or deduction of any costs and expenses incurred with respect to the Business Combination. The Boards of Directors of both Helbiz and GreenVision have unanimously approved the proposed transaction, which is expected to be completed in the second quarter of 2021. As of April 8, 2021, GreenVision Acquisition expects the closing of the Business Combination to occur during the third quarter of 2021. GVAC's Board of Directors unanimously recommends that GVAC stockholders vote “FOR” approval of each of the proposals. As of February 9, 2021, for the purpose of consummating the Business Combination, GreenVision elected to extend the date by which GreenVision is required to complete a business combination to May 21, 2021 from February 21, 2021 and deposited $575,000 of the funds provided by Helbiz into the trust account of GreenVision. GVAC expects that the Business Combination will occur no later than August 12, 2021.

William S. Rosenstadt of Ortoli Rosenstadt, LLP acted as legal advisor to Helbiz. Chengying Xiu of Becker & Poliakoff LLP acted as legal advisor to GreenVision. Ladenburg Thalmann & Co. Inc. is serving as financial advisor to Helbiz and will receive a fee equal to the greater of (i) $2,000,000 or (ii) 0.75% of the valuation of GreenVision along with a maximum of non-accountable expense allowance equal to $100,000, of which $35,000 has been paid by Helbiz as an advance. I-Bankers Securities, Inc. is serving as financial advisor to GreenVision and will receive a cash fee in an amount equal to 2.5% of the aggregate amount sold to the public in Initial Public Offering, or $1,437,500. Deloitte Tax, Legal Advisory Arm acted as legal advisor to Helbiz. Continental Stock Transfer & Trust Company acted as transfer agent to GreenVision. Advantage Proxy, Inc. acted as the information agent to GreenVision, for which it will receive a fee of $7,500 for its services. Colliers Securities LLC acted as financial advisor for GreenVision and will receive a fee of $1,250,000.

Helbiz, Inc. completed the acquisition of GreenVision Acquisition Corp. (NasdaqCM:GRNV) from Hudson Bay Capital Management LP, Feis Equities, LLC, Periscope Capital Inc, Basso Spac Fund LLC, a fund managed by Basso Capital Management, L.P. and others in a reverse merger transaction on August 13, 2021. The combined company will retain the name Helbiz, Inc. and is expected to begin trading on the Nasdaq Capital Market (“Nasdaq”) on August 13th, under the new ticker symbol “NASDAQ:HLBZ” for Helbiz common stock and “NASDAQ:HLBZW” for Helbiz warrants. As part of the business combination, Helbiz will retain its experienced management team, led by Chief Executive Officer Salvatore Palella, and add one new board member, Lee Stern from the GreenVision team. The remainder of the board will be composed of Chief Financial Officer Giulio Profumo and two independent directors, Guy Adami and Kim Wilford.