Summary by Moomoo AI
Micromobility.com, Inc. has announced the issuance of 1,600,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at approximately $0.015 per share, under the terms of a Standby Equity Purchase Agreement (SEPA) dated March 7, 2023. The total purchase price for these shares amounted to $24,640. The transaction, which was completed around February 15, 2024, is part of a larger agreement allowing Yorkville to purchase up to $50 million worth of Micromobility.com's common stock over a 24-month period. The proceeds from this offering have been allocated for general corporate purposes. 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 February 15, 2024, the stock was priced at $0.0160 per share. The offering also includes certain restrictions on Yorkville's ability to sell and engage in transactions with the company's stock.