Micromobility.com signs LOI to merge with EVMO; pro-forma 2022 revenue $34M

micromobility.com Inc.

Signed LOI to merge with EVMO (OTC:YAYO) in stock-for-stock transaction; target operates fleet rentals for rideshare gig economy.
Pro-forma combined 2022 revenue $33.8M, including Wheels Labs; EVMO standalone revenue $12.6M.
EVMO Q1 2023 record revenue up 57% y/y with 7% positive adjusted EBITDA margin; 60% of customers rent >80 consecutive days.
Definitive merger agreement expected within 30 days; closing anticipated ≤60 days after S-4 filing with SEC.
Spartan Capital Securities financial advisor; Ortoli & Rosenstadt LLP legal counsel to MCOM.

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