Micromobility.com, Inc. has announced the issuance of 800,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at a price of approximately $0.0282 per share. This transaction is part of a Standby Equity Purchase Agreement (SEPA) dated March 7, 2023, under which Yorkville has committed to purchasing up to $50 million worth of Micromobility.com's common stock over time. The total purchase price for this specific issuance is $22,560, and the company has used $16,920 of the proceeds to repay a portion of the principal amount owed to Yorkville from outstanding debentures. The shares were issued on January 12, 2024, which is also the date of the last sale price of Micromobility.com's common stock at $0.0280 per share. The company's...Show More

Micromobility.com, Inc. has announced the issuance of 800,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at a price of approximately $0.0282 per share. This transaction is part of a Standby Equity Purchase Agreement (SEPA) dated March 7, 2023, under which Yorkville has committed to purchasing up to $50 million worth of Micromobility.com's common stock over time. The total purchase price for this specific issuance is $22,560, and the company has used $16,920 of the proceeds to repay a portion of the principal amount owed to Yorkville from outstanding debentures. The shares were issued on January 12, 2024, which is also the date of the last sale price of Micromobility.com's common stock at $0.0280 per share. The company's stock is traded on the OTC Pink Sheets under the symbol 'MCOM.' The prospectus supplement covers not only the issuance but also the potential resale of these shares by Yorkville to the public. The SEC may consider Yorkville an 'underwriter' within the meaning of the Securities Act, which could have implications for the resale of the shares. The offering details indicate that after the issuance, there will be 11,456,230 shares of common stock outstanding. The remaining proceeds from the offering are intended for general corporate purposes.