Helbiz enters $13.9M standby equity purchase agreement with Yorkville Advisors

micromobility.com Inc.

Helbiz can sell up to $13.9M in common stock to Yorkville at 95% of lowest VWAP or 92% if both agree.
Agreement has a 2-year term; Helbiz is not obligated to draw but can request advances at its discretion.
Commitment fee of $278,000 payable within six months; proceeds may fund fleet expansion and reach profitability.
Shares sold under the facility are registered via a prospectus supplement to Helbiz's shelf registration statement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

micromobility.com Inc. entered into Standby Equity Purchase Agreement with YA II PN, Ltd. valued at up to $13,900,000 (effective 2022-10-31).

Action: entry
Agreement: equity purchase
Counterparty: YA II PN, Ltd.
Value: up to $13,900,000
Effective: 2022-10-31

Exact text from the filing

On October 31, 2022, Helbiz, Inc. (the “Company”) entered into a Standby Equity Purchase Agreement (the “SEPA”) with YA II PN, Ltd. (“Yorkville”).

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micromobility.com Inc. filing history →

Source: SEC EDGAR

accession 0001079973-22-001373

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