---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-001723"
form_type: "8-K"
ticker: "MCOM"
cik: "0001788841"
company_name: "micromobility.com Inc."
filed_at: "2023-12-11T23:59:59+00:00"
generated_at: "2026-06-07T14:59:39.155098+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# micromobility.com reduces debt by $9.25M; loan principal cut to $5.75M

## Summary
- Settlement with Securis Investment Partners for $3.595M led to assignment to YA II PN Ltd.
- YA II PN Ltd. forgave $9.25M of principal plus all accrued interest under a March 2021 loan.
- Outstanding loan principal reduced from $15M to $5.75M; conversion rights at $1.25/share granted.
- CEO Palella cites debt reduction as strategic step toward profitability and sustainable growth.

## SEC filing metadata
- accession: 0001079973-23-001723
- form_type: 8-K
- ticker: MCOM
- cik: 0001788841
- company_name: micromobility.com Inc.
- filed_at: 2023-12-11T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1788841/000107997323001723/0001079973-23-001723-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788841/000107997323001723/mcom_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-001723
- JSON: https://secwatch.observer/filing/0001079973-23-001723.json
- Plain text: https://secwatch.observer/filing/0001079973-23-001723.txt

## Key facts
- Material Agreements
  micromobility.com Inc. entered into Assignment and Release Agreement with Securis Investment Partners, LLP valued at aggregate principal amount outstanding under a loan agreement dated March 23, 2021 assigned to Assig (effective 2023-12-08).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Securis Investment Partners, LLP
  - Value: aggregate principal amount outstanding under a loan agreement dated March 23, 2021 assigned to Assig
  - Effective: 2023-12-08
  source text: On December 8, 2023, micromobility.com Inc. (the “Company”) entered into an Assignment and Release Agreement (the “Assignment Agreement”) by and among Securis Investment Partners, LLP (“Assignor”), YA II PN, Ltd. (the “Assignee”), and the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1788841/000107997323001723/0001079973-23-001723-index.htm
- Material Agreements
  micromobility.com Inc. amended Loan Amendment Agreement with YA II PN, Ltd. valued at monthly payments against a new principal amount outstanding as of the date of the Loan Amendment, su (effective 2023-12-08).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: YA II PN, Ltd.
  - Value: monthly payments against a new principal amount outstanding as of the date of the Loan Amendment, su
  - Effective: 2023-12-08
  source text: On December 8, 2023, as inducement of- and condition to-the Assignment Agreement, the Company entered into a Loan Amendment Agreement (the “Loan Amendment”) by and between the Company and Assignee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1788841/000107997323001723/0001079973-23-001723-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.