Micromobility.com, Inc. has announced the issuance of 3,300,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at a price of approximately $0.005 per share. This transaction, dated March 15, 2024, is part of a Standby Equity Purchase Agreement (SEPA) with Yorkville, which was established on March 7, 2023. Under the SEPA, Yorkville has committed to purchasing up to $50 million worth of Micromobility.com's common stock over a 24-month period. The total purchase price for this specific issuance is $19,140, which Micromobility.com has used to repay a portion of the principal amount owed to Yorkville from an outstanding loan. Additionally, the prospectus supplement covers the potential resale of these shares by Yorkville to the public. The company's common...Show More

Micromobility.com, Inc. has announced the issuance of 3,300,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at a price of approximately $0.005 per share. This transaction, dated March 15, 2024, is part of a Standby Equity Purchase Agreement (SEPA) with Yorkville, which was established on March 7, 2023. Under the SEPA, Yorkville has committed to purchasing up to $50 million worth of Micromobility.com's common stock over a 24-month period. The total purchase price for this specific issuance is $19,140, which Micromobility.com has used to repay a portion of the principal amount owed to Yorkville from an outstanding loan. Additionally, the prospectus supplement covers the potential resale of these shares by Yorkville to the public. The company's common stock is traded on the OTC Pink Sheets under the symbol 'MCOM', and as of the last sale on March 15, 2024, the stock was priced at $0.007 per share. The offering also includes a clause that Yorkville may not purchase shares that would result in ownership exceeding 9.99% of Micromobility.com's common stock, or in aggregate with related transactions, more than 19.9% of all outstanding shares, unless shareholder approval is obtained.