secwatch.observer — SEC 8-K summary
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Issuer:     micromobility.com Inc. (MCOM)
CIK:        0001788841
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001079973-23-000324
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helbiz raises $4.5M convertible note, enters $50M equity line, issues Series B preferred to CEO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1788841/000107997323000324/0001079973-23-000324-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1788841/000107997323000324/helbiz_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-23-000324

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer