secwatch.observer — SEC 8-K summary
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Issuer:     micromobility.com Inc. (MCOM)
CIK:        0001788841
Form:       8-K
Filed at:   2022-11-25T23:59:59+00:00
Accession:  0001553350-22-000972
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.02, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helbiz acquires Wheels Labs in all-stock deal for 6.75M preferred shares (6.99% ownership)
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- Acquired Wheels Labs, a last-mile electric mobility platform, in an all-stock deal for ~6.75M Series A convertible preferred shares (6.99% of common stock).
- Series A preferred convertible 1:1 into Class A common upon stockholder approval; pays 7.5% annual dividend starting March 2023.
- 20.1M shares of Class A common issued on conversion of $3.4M convertible debentures in November 2022.
- CEO and CFO converted $795k of debt into ~4.2M common shares; 1.18M shares issued for services.
- Escrow agreement: shares may be returned if Wheels reps on debt/legal proceedings are incorrect; 18-month term.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1788841/000155335022000972/0001553350-22-000972-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1788841/000155335022000972/helbiz_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-22-000972

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