GreenVision Acquisition Corp. Announces Contribution to Trust Account to Extend Time Period to Complete a Business Combination

Feb 10, 2021

GreenVision Acquisition Corp. (Nasdaq: GRNV), a special purpose acquisition company (“GreenVision”), announced today that for the purpose of consummating its previously announced business combination with Helbiz, Inc. (“Helbiz”), it has elected to extend the date by which GreenVision is required to complete a business combination for an additional period of three (3) months from February 21, 2021 to May 21, 2021, and has deposited the amount of $575,000 into its trust account (the “Trust Account”) in connection with the extension. The funds deposited into the Trust Account were previously provided by Helbiz under the terms of the definitive Merger Agreement entered into by the parties on February 8, 2021. The purpose of the extension is to extend the time for GreenVision and Helbiz to consummate the previously announced business combination.

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