debt
confidence high
sentiment negative
materiality 0.85
micromobility.com enters $25M equity facility with Yorkville, receives $2.75M pre-paid note
micromobility.com Inc.
- SEPA allows sale of up to $25M common stock to Yorkville at 97% of lowest VWAP over 3 consecutive days.
- $2.75M promissory note issued to Yorkville; convertible at lower of $0.006/share or 95% of VWAP.
- Proceeds: $155k repaid bridge loan, $250k implementation fee, $1.5M escrowed for judgment, $845k for expenses.
- Commitment fee of $500k payable in cash on 6-month and 12-month anniversaries.
- Registration rights agreement filed to register shares for resale under Securities Act.