Micromobility.com, Inc. has announced the issuance of 3,600,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at a price of approximately $0.006 per share. This transaction is part of a Standby Equity Purchase Agreement (SEPA) dated March 7, 2023, which allows Yorkville to purchase up to $50 million of Micromobility.com's common stock over a 24-month period. The total purchase price for this specific issuance is $23,760, which the company has used to repay a portion of the principal amount owed to Yorkville from an outstanding loan. The shares were issued on or about March 25, 2024, and the last sale price of Micromobility.com's common stock on that date was $0.007 per share. The company's stock is traded...Show More

Micromobility.com, Inc. has announced the issuance of 3,600,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at a price of approximately $0.006 per share. This transaction is part of a Standby Equity Purchase Agreement (SEPA) dated March 7, 2023, which allows Yorkville to purchase up to $50 million of Micromobility.com's common stock over a 24-month period. The total purchase price for this specific issuance is $23,760, which the company has used to repay a portion of the principal amount owed to Yorkville from an outstanding loan. The shares were issued on or about March 25, 2024, and the last sale price of Micromobility.com's common stock on that date was $0.007 per share. The company's stock is traded on the OTC Pink Sheets under the symbol 'MCOM'. The prospectus supplement also covers the potential resale of these shares by Yorkville to the public. Yorkville has stated that it is purchasing the shares for investment purposes and not with the intention to distribute them in violation of securities laws, although the SEC may consider Yorkville an 'underwriter' under the Securities Act. The company has provided customary indemnification to Yorkville in the SEPA.