secwatch.observer — SEC 8-K summary
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Issuer:     micromobility.com Inc. (MCOM)
CIK:        0001788841
Form:       8-K
Filed at:   2023-06-09T23:59:59+00:00
Accession:  0001079973-23-000854
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1788841/000107997323000854/0001079973-23-000854-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1788841/000107997323000854/mcom_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-23-000854

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