Micromobility.com, Inc. has announced the issuance of 1,000,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at a price of approximately $0.0187 per share. This transaction, which took place on or about January 29, 2024, is part of a Standby Equity Purchase Agreement (SEPA) dated March 7, 2023, under which Yorkville has committed to purchase up to $50 million worth of Micromobility.com's common stock over time. The total purchase price for this specific issuance was $18,700, and $14,025 of the proceeds were used to repay a portion of the principal amount owed to Yorkville from previous debentures. The remaining proceeds are intended for general corporate purposes. Additionally, the prospectus supplement covers the resale of these shares by Yorkville to the...Show More

Micromobility.com, Inc. has announced the issuance of 1,000,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at a price of approximately $0.0187 per share. This transaction, which took place on or about January 29, 2024, is part of a Standby Equity Purchase Agreement (SEPA) dated March 7, 2023, under which Yorkville has committed to purchase up to $50 million worth of Micromobility.com's common stock over time. The total purchase price for this specific issuance was $18,700, and $14,025 of the proceeds were used to repay a portion of the principal amount owed to Yorkville from previous 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. The company's common stock is traded on the OTC Pink Sheets under the symbol 'MCOM', and as of the last sale on January 29, 2024, the stock was priced at $0.023 per share. The offering also includes details on the plan of distribution and the limitations on Yorkville's purchase to prevent exceeding ownership thresholds without shareholder approval. The company has also provided customary indemnification to Yorkville, which has agreed not to engage in short sales or hedging transactions of Micromobility.com's stock during the term of the SEPA.