secwatch.observer — SEC 8-K summary
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Issuer:     micromobility.com Inc. (MCOM)
CIK:        0001788841
Form:       8-K
Filed at:   2024-06-11T23:59:59+00:00
Accession:  0001079973-24-000854
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.02, 5.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1788841/000107997324000854/0001079973-24-000854-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1788841/000107997324000854/mcom_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-24-000854

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