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8-K: Current report

SEC announcement ·  Jun 11 21:02
Summary by Futu AI
Micromobility.com Inc. has announced a significant change in control following a strategic acquisition by Palella Holdings LLC, which now owns 51% of the company's common stock. This acquisition was completed on June 10, 2024, through the conversion of a convertible note issued on January 31, 2024, into 47,029,465 shares at a conversion price of $0.015 per share. The note conversion resulted in Palella Holdings, controlled by Micromobility.com's CEO, gaining a controlling interest in the company. The company, which specializes in urban mobility solutions, has expressed its commitment to collaborate with Palella Holdings to drive growth and create long-term value for stakeholders. A press release on June 11, 2024, detailed the transaction and the company's strategic partnership with Palella Holdings.
Micromobility.com Inc. has announced a significant change in control following a strategic acquisition by Palella Holdings LLC, which now owns 51% of the company's common stock. This acquisition was completed on June 10, 2024, through the conversion of a convertible note issued on January 31, 2024, into 47,029,465 shares at a conversion price of $0.015 per share. The note conversion resulted in Palella Holdings, controlled by Micromobility.com's CEO, gaining a controlling interest in the company. The company, which specializes in urban mobility solutions, has expressed its commitment to collaborate with Palella Holdings to drive growth and create long-term value for stakeholders. A press release on June 11, 2024, detailed the transaction and the company's strategic partnership with Palella Holdings.
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