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Micromobility.com | 424B2: Prospectus

SEC announcement ·  Mar 15 16:19
Summary by Moomoo AI
Micromobility.com, Inc. has announced the issuance of 3,000,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at a price of approximately $0.009 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 worth of Micromobility.com's common stock over time. The total purchase price for this specific issuance is $27,600, 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 13, 2024, and the last sale price of Micromobility.com's common stock on that date was $0.010 per share. The company's stock is traded...Show More
Micromobility.com, Inc. has announced the issuance of 3,000,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at a price of approximately $0.009 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 worth of Micromobility.com's common stock over time. The total purchase price for this specific issuance is $27,600, 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 13, 2024, and the last sale price of Micromobility.com's common stock on that date was $0.010 per share. The company's stock is traded on the OTC Pink Sheets under the symbol 'MCOM'. The prospectus supplement also covers the resale of these shares by Yorkville to the public. While Yorkville has indicated that the shares are purchased for investment purposes, the SEC may consider Yorkville an 'underwriter' within the meaning of the Securities Act of 1933. The offering details include the common stock outstanding after the offering, which will be 33,356,230 shares, and the use of proceeds, which is to repay debt to Yorkville. The announcement emphasizes the risks involved in investing in Micromobility.com's common stock and states that neither the SEC nor any other regulatory body has approved or disapproved of these securities.

This announcement is a separate document:

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