Helbiz enters $20M standby equity purchase agreement with Yorkville at up to 8% discount

micromobility.com Inc.

Up to $20M of Class A common stock may be sold to Yorkville at 95% of lowest VWAP over 3 days or 92% of same-day VWAP.
Commitment fee of $400,000 due at earlier of one month or first takedown under the SEPA.
Advance limited to 5M shares per notice or 100% of 5-day avg daily traded amount; ownership capped at 9.99%.
Exchange cap of 48,119,674 shares (19.9% of outstanding) applies unless average price ≥ $0.2033 per share.
No advances may be requested during Jan 30–Feb 15, 2023 unless Yorkville holds no long position in HLBZ.

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 $20,000,000 (effective 2023-01-24).

Action: entry
Agreement: equity purchase
Counterparty: YA II PN, Ltd.
Value: up to $20,000,000
Effective: 2023-01-24

Exact text from the filing

On January 24, 2023, Helbiz, Inc. (the “Company”) entered into a Standby Equity Purchase Agreement (the “SEPA”) with YA II PN, Ltd. (“Yorkville”).

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38 material agreements filed in the last 30 days. Browse all material agreements →

micromobility.com Inc. filing history →

Source: SEC EDGAR

accession 0001079973-23-000136

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