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Micromobility.com | 424B2: Prospectus

SEC announcement ·  Feb 28 16:17
Summary by Moomoo AI
Micromobility.com, Inc. has announced the offering of 1,800,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at a price of approximately $0.010 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 worth of Micromobility.com's common stock over a 24-month period. The total purchase price for this specific offering is $18,540, 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 February 26, 2024, and the last sale price of Micromobility.com's common stock on that date was $0.0120 per share. The offering also includes provisions...Show More
Micromobility.com, Inc. has announced the offering of 1,800,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at a price of approximately $0.010 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 worth of Micromobility.com's common stock over a 24-month period. The total purchase price for this specific offering is $18,540, 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 February 26, 2024, and the last sale price of Micromobility.com's common stock on that date was $0.0120 per share. The offering also includes provisions for the 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'. The prospectus supplement, dated February 26, 2024, outlines the terms of the offering and the plan of distribution, including potential methods of sale that Yorkville may use.

This announcement is a separate document:

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