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Micromobility.com | 424B2: Prospectus

SEC announcement ·  Feb 16 16:18
Summary by Moomoo AI
Micromobility.com, Inc. has announced the issuance of 1,400,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at approximately $0.016 per share, under the terms of a Standby Equity Purchase Agreement (SEPA) dated March 7, 2023. The transaction, which took place on or about February 14, 2024, resulted in proceeds of $22,400, which the company has stated will be used for general corporate purposes. This offering is part of a larger agreement with Yorkville, which allows for the purchase of up to $50 million worth of Micromobility.com's common stock over a 24-month period. The shares were issued at a discount to the market price, with the last sale price of the stock on the OTC Pink Sheets being $0.0190 per share...Show More
Micromobility.com, Inc. has announced the issuance of 1,400,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at approximately $0.016 per share, under the terms of a Standby Equity Purchase Agreement (SEPA) dated March 7, 2023. The transaction, which took place on or about February 14, 2024, resulted in proceeds of $22,400, which the company has stated will be used for general corporate purposes. This offering is part of a larger agreement with Yorkville, which allows for the purchase of up to $50 million worth of Micromobility.com's common stock over a 24-month period. The shares were issued at a discount to the market price, with the last sale price of the stock on the OTC Pink Sheets being $0.0190 per share on the date of the prospectus supplement. The prospectus supplement also covers the potential resale of these shares by Yorkville to the public. The SEC may consider Yorkville an 'underwriter' within the meaning of the Securities Act, which could have implications for the resale of the shares. The company's common stock is traded under the symbol 'MCOM'.

This announcement is a separate document:

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