secwatch.observer — SEC 8-K summary
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Issuer:     micromobility.com Inc. (MCOM)
CIK:        0001788841
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001079973-23-001502
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Micromobility issues $1.5M convertible promissory note to Yorkville at $0.25 conversion
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- Issued $1.5M principal convertible note to YA II PN, Ltd. with 15% original issue discount (~$1.275M net).
- Conversion price of $0.25 per share; holder limited to 4.99% beneficial ownership cap.
- Matures Feb. 29, 2024; 15% default interest; cash repayment carries 5% redemption premium.
- Proceeds to be used for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1788841/000107997323001502/0001079973-23-001502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1788841/000107997323001502/mcom_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-23-001502

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