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Micromobility.com | 424B8: Prospectus

SEC ·  Jan 17 00:00

Summary by Moomoo AI

Micromobility.com, Inc. has announced the offering of 700,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at a price of approximately $0.0346 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 million worth of Micromobility.com's common stock over time. The total purchase price for this specific offering is $24,220. The company has utilized $18,165 of the proceeds to repay a portion of the principal amount owed to Yorkville under outstanding debentures. The shares were issued to Yorkville on January 10, 2024, and the prospectus supplement also covers the resale of these shares by Yorkville to the public. The last sale price of...Show More
Micromobility.com, Inc. has announced the offering of 700,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at a price of approximately $0.0346 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 million worth of Micromobility.com's common stock over time. The total purchase price for this specific offering is $24,220. The company has utilized $18,165 of the proceeds to repay a portion of the principal amount owed to Yorkville under outstanding debentures. The shares were issued to Yorkville on January 10, 2024, and the prospectus supplement also covers the resale of these shares by Yorkville to the public. The last sale price of Micromobility.com's common stock on the OTC Pink Sheets, where it trades under the symbol 'MCOM', was $0.0410 per share on the date of the offering. The company has highlighted the investment risks involved and has not received any approval or disapproval from the SEC or any other regulatory body regarding these securities.

This announcement is a separate document:

Doc 1

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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