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Micromobility.com | 424B8: Prospectus

SEC announcement ·  Mar 11 16:25
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, under which Yorkville has committed to purchase up to $50,000,000 of Micromobility.com's common stock over time. 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 last sale price of Micromobility.com's common stock on that date was $0.0150 per share. The company's stock is traded on the OTC Pink...Show More
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, under which Yorkville has committed to purchase up to $50,000,000 of Micromobility.com's common stock over time. 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 last sale price of Micromobility.com's common stock on that date was $0.0150 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 the shares are being purchased for investment purposes and not with the intention to distribute them in violation of securities laws, although the SEC may consider Yorkville an 'underwriter' within the meaning of the Securities Act. The offering details include the number of shares offered, the purchase price, and the use of proceeds, as well as the plan of distribution and restrictions on Yorkville's ability to sell the shares.

This announcement is a separate document:

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