CEO-controlled entity acquires 51% of micromobility.com via debt-to-equity conversion

micromobility.com Inc.

Palella Holdings LLC converted $705,441.98 of convertible note principal into 47,029,465 MCOM shares at $0.015/share.
Conversion gave Palella Holdings 51% of outstanding shares, resulting in change of control on June 10, 2024.
Note originally issued January 31, 2024; conversion price $0.015 (one-tenth cent above June 10 closing price).
Palella Holdings is controlled by CEO Salvatore Palella; funds were personal, not borrowed.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.