8-K
filed March 13, 2023, 7:59 PM ET
ticker MCOM
CIK 0001788841
other material
confidence high
sentiment neutral
materiality 0.75
micromobility.com Inc. (MCOM): debt financing — Helbiz raises $4.5M convertible note, enters $50M equity line, issues Series B preferred to CEO
micromobility.com Inc.
- Issued $4.5M convertible note to Yorkville with 10% OID ($4.05M net), conversion at $0.50, repayment in installments from May-Sept 2023.
- Entered Standby Equity Purchase Agreement for up to $50M; shares sold at 92-95% of VWAP; $750k commitment fee.
- Created Series B Preferred Stock (3,000 shares) with 80,000 votes each on reverse stock split proposals; sold to CEO for $500.
- Proceeds to be used for working capital and general corporate purposes.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
micromobility.com Inc. incurred convertible notes of $4.5 million with Yorkville at Interest shall not accrue on the outstanding principal balance of the Promissory maturing September 15, 2023.
- Instrument
- convertible notes
- Principal
- $4.5 million
- Counterparty
- Yorkville
- Rate
- Interest shall not accrue on the outstanding principal balance of the Promissory
- Maturity
- September 15, 2023
- Event
- incurrence
Exact text from the filing
On March 8, 2023, we issued and sold a convertible promissory note with an aggregate principal amount of $4.5 million (the “Promissory Note”) in a private placement to Yorkville under the Standby Equity Purchase Agreement dated as of January 24, 2023 between us and Yorkville.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
micromobility.com Inc. entered into SEPA with YA II PN, Ltd. (Yorkville) valued at up to $50,000,000 (effective 2023-03-08).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- YA II PN, Ltd. (Yorkville)
- Value
- up to $50,000,000
- Effective
- 2023-03-08
Exact text from the filing
n a manner consistent with the application thereof described in our prospectus relating to the SEPA filed with the Securities and Exchange Commission on January 24, 2023, and included as a part of our Registration Statement on Form S-3.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
micromobility.com Inc. entered into Subscription Agreement with Salvatore Palella valued at aggregate purchase price of $500 (effective 2023-03-13).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Salvatore Palella
- Value
- aggregate purchase price of $500
- Effective
- 2023-03-13
Exact text from the filing
On March 13, 2023, we entered into a subscription agreement with Salvatore Palella (the "Buyer"), pursuant to which the Buyer agreed to purchase 3,000 shares of our Series B Preferred Stock for an aggregate purchase price of $500.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
micromobility.com Inc. entered into Promissory Note with Yorkville (YA II PN, Ltd.) valued at $4.5 million (effective 2023-03-08).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Yorkville (YA II PN, Ltd.)
- Value
- $4.5 million
- Effective
- 2023-03-08
Exact text from the filing
On March 8, 2023, we issued and sold a convertible promissory note with an aggregate principal amount of $4.5 million (the "Promissory Note") in a private placement to Yorkville under the Standby Equity Purchase Agreement dated as of January 24, 2023 between us and Yorkville.
View on SEC.gov
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