Micromobility.com executes 1-for-150 reverse stock split to regain Nasdaq compliance

micromobility.com Inc.

Reverse split effective Dec 4, 2023; common stock now trades on post-split basis under MCOM.
Company must maintain bid above $1.00 for 10 consecutive trading days by Dec 29 to avoid delisting.
CEO letter outlines pivot to profitable sharing markets, retail expansion in LA, Seattle, Miami.
Negotiating IP-backed loan with substantial discount on principal; update expected by Dec 2023.
M&A discussions with Hopium ongoing; reverse split expected to accelerate business combination talks.

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