micromobility.com Inc. (MCOM): debt financing — 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.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

micromobility.com Inc. incurred loan of $2,750,000 with YA II PN, Ltd. (Yorkville).

Instrument: loan
Principal: $2,750,000
Counterparty: YA II PN, Ltd. (Yorkville)
Event: incurrence

Exact text from the filing

Yorkville advanced to the Company the principal amount of $2,750,000 (the “Pre-Paid Advance”) in exchange for the issuance of a promissory note in the principal amount of $2,750,000 (the “Promissory Note”).

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10 debt financings filed in the last 30 days. Browse all debt financings →

micromobility.com Inc. filing history →

Source: SEC EDGAR

accession 0001553350-25-000014

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