Micromobility.com sells European units and Helbiz brand to shareholder Palella for $100k debt reduction

micromobility.com Inc.

Sale of Helbiz Europe Ltd, Micromobility.com Italia Srl, and all Helbiz IP to Palella Holdings (controlled by former CEO Salvatore Palella) for $100k reduction in debt owed to Palella.
Transaction requires court approval or waiver from Bernheim Investment Fund SICAV and Copernicus Holding SA, who have a pending lawsuit against MCOM.
Prior to closing, MCOM must transfer ownership of Helbiz DOO (Serbian unit) to itself; sale also includes all Helbiz platforms, patents, trademarks, and trade secrets.
MCOM must rebrand remaining assets within 180 days to remove all Helbiz names and likenesses.
Transaction is subject to completion of the Doo Transfer and the Copernicus Waiver; closing date follows satisfaction of conditions.

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