8-K
filed March 31, 2023, 7:59 PM ET
ticker MCOM
CIK 0001788841
other material
confidence high
sentiment neutral
materiality 0.60
Helbiz completes 1:50 reverse stock split, rebrands as micromobility.com Inc., ticker changes to MCOM
micromobility.com Inc.
- Reverse stock split 1:50 effective March 30, 2023; Class A shares reduced from 278.5M to ~5.57M.
- Name change to micromobility.com Inc.; new tickers MCOM (common) and MCOMW (warrants) effective March 31.
- Board approves redemption of all Series B Preferred at $0.01/share, resulting in zero shares outstanding.
- Press release announces plans to open first physical retail store in SoHo, NYC within 60 days.
- Stockholders approved reverse split (388M for, 40.8M against) and 20% share issuance for Yorkville equity agreements.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
micromobility.com Inc.: Filed Certificate of Amendment to Restated Certificate of Incorporation to effect a 1-for-50 reverse stock split and company name change to micromobility.com Inc (effective 2023-03-30).
- Change
- charter amendment
- Effective
- 2023-03-30
Exact text from the filing
On March 30, 2023, the Company filed with the Secretary of State of the State of Delaware a certificate of amendment to its Restated Certificate of Incorporation (the “Certificate of Amendment”) to effect the Reverse Stock Split and the Company Name Change
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
micromobility.com Inc. shareholders approved To approve the authorization of the Company's issuance of more than 48,119,674 shares of Class A common stock (which number represents more than 20% of our issued and outstanding Common Stock on January 24, 2023) pursuant to the terms of: a Standby Equity Purchase Agreement entered into on January 2 at the 2023-03-30 meeting.
- Outcome
- passed
- Meeting
- 2023-03-30
Exact text from the filing
PROPOSAL: To approve the authorization of the Company’s issuance of more than 48,119,674 shares of Class A common stock (which number represents more than 20% of our issued and outstanding Common Stock on January 24, 2023) pursuant to the terms of: • a Standby Equity Purchase Agreement entered into on January 24, 2023 (the “January SEPA”) between us and YA II PN, Ltd. (“Yorkville”); • a Standby Equity Purchase Agreement entered into on March 8, 2023 (the “March SEPA”) between us and Yorkville; and • any promissory notes issued pursuant to the January SEPA or the March SEPA (the “Promissory Notes”) with such modifications, amendments, or changes (consistent with the intent and purpose of this proposal) so that such issuances are made in accordance with Nasdaq Listing Rule 5635 of the Nasdaq Capital Market (the “Nasdaq 20% Share Issuance Proposal”). For Against Abstain 168,049,369 19,491,889 1,521,301
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
micromobility.com Inc. shareholders approved to approve the adjournment of the Special Meeting if there are insufficient votes at the Special Meeting to approve the Stock Split Proposal at the 2023-03-30 meeting.
- Outcome
- passed
- Meeting
- 2023-03-30
Exact text from the filing
PROPOSAL: to approve the adjournment of the Special Meeting if there are insufficient votes at the Special Meeting to approve the Stock Split Proposal (the “Adjournment Proposal”). For Against Abstain 171,569,140 15,141,751 2,351,668
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
micromobility.com Inc. shareholders approved To authorize the Company's Board to amend the Company's Certificate of Incorporation to effect a reverse stock split of the Company's issued and outstanding common stock of the Company, consisting of both the Company's Class A common stock, par value $0.00001 per share ("Class A common stock") and C at the 2023-03-30 meeting.
- Proposal
- reverse split
- Outcome
- passed
- Meeting
- 2023-03-30
Exact text from the filing
PROPOSAL: To authorize the Company’s Board to amend the Company’s Certificate of Incorporation to effect a reverse stock split of the Company’s issued and outstanding common stock of the Company, consisting of both the Company’s Class A common stock, par value $0.00001 per share (“Class A common stock”) and Class B common stock, par value $0.00001 per share (“Class B common stock”), by a ratio of no less than 1-for-2 and no more than 1-for-50, with the exact ratio to be determined by the Board in its sole discretion (the “Reverse Stock Split”); For Against Abstain 388,004,324 40,775,509 282,726
View on SEC.gov
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