secwatch.observer — SEC 8-K summary
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Issuer:     micromobility.com Inc. (MCOM)
CIK:        0001788841
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001079973-23-001549
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Micromobility.com issues $4M convertible note at 15% OID; shareholders approve 1:150 reverse split
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- Issued $4M convertible promissory note to YA II PN, Ltd.; gross proceeds $3.4M after 15% OID; conversion at $0.25/share.
- Reverse stock split of 1:150 approved; effective Dec 4, 2023; shares outstanding cut from ~285M to ~1.9M.
- Authorized shares increased from 400M to 1B (900M common, 100M preferred); Class B common stock removed.
- Note matures March 31, 2024; cash repayments carry a 5% premium; 15% default interest rate.
- All four proposals passed with majority votes at Nov 13, 2023 special meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1788841/000107997323001549/0001079973-23-001549-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1788841/000107997323001549/mcom_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-23-001549

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