Summary by Moomoo AI
Micromobility.com, Inc. has announced the issuance of 2,000,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at approximately $0.014 per share. This transaction is part of a Standby Equity Purchase Agreement (SEPA) dated March 7, 2023, which allows Yorkville to purchase up to $50,000,000 of Micromobility.com's common stock over a 24-month period. The total purchase price for this specific issuance is $28,600, 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 4, 2024, and the prospectus supplement also covers the resale of these shares by Yorkville to the public. The company's common stock is traded on the OTC Pink...Show More