secwatch.observer — SEC 8-K summary
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Issuer:     micromobility.com Inc. (MCOM)
CIK:        0001788841
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0001553350-25-000014
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

micromobility.com enters $25M equity facility with Yorkville, receives $2.75M pre-paid note
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1788841/000155335025000014/0001553350-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1788841/000155335025000014/mcom_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-25-000014

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