Summary by Futu AI
Micromobility.com, Inc. has announced the issuance of 4 million shares of common stock to YA II PN, Ltd., also known as Yorkville, at approximately $0.005 per share, as part of a Standby Equity Purchase Agreement (SEPA) dated March 7, 2023. The total purchase price for these shares is $20,000. The transaction, which took place on or about March 28, 2024, saw $2,230 of the proceeds used to repay part of a loan from Yorkville, with the remaining $17,770 allocated for general corporate purposes. This offering is part of a larger agreement allowing Micromobility.com to sell up to $50 million of its stock to Yorkville over a 24-month period. The shares are also available for resale 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 on March 28, 2024, was $0.006 per share. The prospectus supplement includes a warning that investing in Micromobility.com's common stock involves risks and advises investors to read the 'Risk Factors' section.