Attorneys with the Justice Department's consumer-protection branch are conducting the criminal investigation, the people said. Shares declined 3.4% in after-hours trading. Boxed Inc. on Friday disclosed up to $20 million in new financing, which Chief Executive Chieh Huang said will provide the company with more flexibility to execute its strategic vision and the strategic alternatives process. Helbiz Inc. said it is looking to address alleged illegal short selling of its stock that it believes has artificially depressed the stock price. Shares climbed 27% in after-hours trading, continuing the 65% gain during Friday's regular session.

Source: Wall Street Journal January 21, 2023 00:31 UTC