Micromobility.com, Inc. has announced the sale of 1,700,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at approximately $0.0136 per share, under the terms of a Standby Equity Purchase Agreement (SEPA) dated March 7, 2023. The transaction, which took place on or about February 21, 2024, resulted in total proceeds of $23,120. These funds were used to repay a portion of the principal amount owed to Yorkville from an outstanding loan. The shares were issued as part of Yorkville's commitment to potentially purchase up to $50 million of Micromobility.com's common stock over a 24-month period. The prospectus supplement also covers the resale of these shares by Yorkville to the public. The company's stock is traded on the...Show More

Micromobility.com, Inc. has announced the sale of 1,700,000 shares of its common stock to YA II PN, Ltd., also known as Yorkville, at approximately $0.0136 per share, under the terms of a Standby Equity Purchase Agreement (SEPA) dated March 7, 2023. The transaction, which took place on or about February 21, 2024, resulted in total proceeds of $23,120. These funds were used to repay a portion of the principal amount owed to Yorkville from an outstanding loan. The shares were issued as part of Yorkville's commitment to potentially purchase up to $50 million of Micromobility.com's common stock over a 24-month period. The prospectus supplement also covers the resale of these shares by Yorkville to the public. The company's stock is traded on the OTC Pink Sheets under the symbol 'MCOM', and the last sale price reported on February 21, 2024, was $0.0140 per share. The offering document includes a warning that investing in Micromobility.com's common stock involves risks and advises investors to read the 'Risk Factors' section. It also clarifies that neither the SEC nor any other regulatory body has approved or disapproved of the securities offered.