micromobility.com Inc. (MCOM): Nasdaq/NYSE listing notice — Helbiz receives Nasdaq delisting notice for market value shortfall; issues shares for debt conversion

micromobility.com Inc.

Nasdaq notified Helbiz market value of Class A common stock and warrants below $35M for 10 consecutive business days through Dec 7, 2022.
Company intends to request a hearing before the Nasdaq Hearings Panel, which may grant an extension until June 6, 2023.
Issued 14,366,562 shares on Nov 28 upon conversion of ~$2.4M convertible debentures.
Issued 15,701,586 shares on Nov 29 upon conversion of ~$2.7M convertible debentures.
Issued 6,256,652 shares on Dec 6 to settle $1,439,030 of subsidiary debt from 2019.

item 3.01 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

micromobility.com Inc. received a nasdaq deficiency notice notice regarding market value (rules 5810(c)(3)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5810(c)(3)(C)

Exact text from the filing

December 8, 2022, Helbiz, Inc. (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the market value of our Class A Common Stock together with our publicly traded warrants was not $35 million or more for ten consecutive business days during the past 180 calendar day period from June 7, 2022, to December 7, 2022. The Company thus has not regained compliance with Listing Rule 5810(c)(3)(C). Accordingly, the Company would be subject to delisting unless it timely requests a hearing bef

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micromobility.com Inc. filing history →

Source: SEC EDGAR

accession 0001079973-22-001511

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