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, which took place on or about January 12, 2024, is part of a Standby Equity Purchase Agreement (SEPA) dated March 7, 2023, where Yorkville committed to purchasing up to $50 million of Micromobility.com's common stock over time. The total purchase price for this specific issuance was $22,560, and the company used $16,920 of the proceeds to repay a portion of the principal amount owed to Yorkville under outstanding debentures. The remaining proceeds are intended for general corporate purposes. Additionally, the prospectus supplement covers the resale of these shares by Yorkville to the public. Despite...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, which took place on or about January 12, 2024, is part of a Standby Equity Purchase Agreement (SEPA) dated March 7, 2023, where Yorkville committed to purchasing up to $50 million of Micromobility.com's common stock over time. The total purchase price for this specific issuance was $22,560, and the company used $16,920 of the proceeds to repay a portion of the principal amount owed to Yorkville under outstanding debentures. The remaining proceeds are intended for general corporate purposes. Additionally, the prospectus supplement covers the resale of these shares by Yorkville to the public. Despite Yorkville's assertion that the shares are for investment purposes and not for distribution, the SEC may consider Yorkville an 'underwriter' under the Securities Act. Micromobility.com's common stock is traded on the OTC Pink Sheets under the symbol 'MCOM', and as of the last sale on January 12, 2024, the stock was priced at $0.0280 per share. The offering also includes provisions for the company to terminate the SEPA with notice, and for Yorkville to comply with federal securities laws during the resale of the shares.