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Micromobility settles $2.49M judgment, enters $25M equity purchase agreement with Yorkville
Settled Bernheim judgment of $2.49M for €1.07M payment; satisfaction filed Oct 24, 2025.
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Micromobility.com escrow funds of $2.345M returned to Yorkville due to unresolved judgment
On April 21, 2025, received $2.75M pre-paid advance from Yorkville under $25M SEPA.
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micromobility.com dismisses Marcum, appoints CBIZ as auditor; material weakness and going concern noted
Dismissed Marcum as auditor effective April 30, 2025; appointed CBIZ as new independent auditor for FY 2025.
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micromobility.com enters $25M equity facility with Yorkville, receives $2.75M pre-paid note
SEPA allows sale of up to $25M common stock to Yorkville at 97% of lowest VWAP over 3 consecutive days.
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Micromobility.com sells European units and Helbiz brand to shareholder Palella for $100k debt reduction
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.
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micromobility CEO Salvatore Palella resigns; Gian Luca Spriano appointed; $9.2M debt transferred to Palella Holdings
Salvatore Palella resigned as CEO and director on Dec 9, 2024; no disagreement cited.
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Summary judgment of €2.2M entered against micromobility.com in debt dispute
New York court granted summary judgment to Bernheim Investment Fund for €2,202,500 in past due principal and interest.
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micromobility.com sells Wheels Labs for $1.00 to Overseas Moped Investment
Purchase price is $1.00; buyer assumes all assets, liabilities, IP, and future loss contingencies.
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CEO-controlled entity acquires 51% of micromobility.com via debt-to-equity conversion
Palella Holdings LLC converted $705,441.98 of convertible note principal into 47,029,465 MCOM shares at $0.015/share.
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Nasdaq to delist micromobility.com (MCOM) on Dec 20; trading to OTC Pink
Nasdaq notified delisting for noncompliance with Listing Rules 5550(a)(2) and 5550(b)(2).
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Appoints Gian Luca Spirano as CFO effective Dec 12, 2023; he cut debt from $15M to $5.75M
Gian Luca Spirano, previously interim CFO since 2018, appointed permanent CFO effective December 12, 2023.
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micromobility.com reduces debt by $9.25M; loan principal cut to $5.75M
Settlement with Securis Investment Partners for $3.595M led to assignment to YA II PN Ltd.
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Micromobility.com issues $4M convertible note at 15% OID; shareholders approve 1:150 reverse split
Issued $4M convertible promissory note to YA II PN, Ltd.; gross proceeds $3.4M after 15% OID; conversion at $0.25/share.
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Micromobility.com receives Nasdaq extension to Dec 29, 2023, subject to compliance conditions
Nasdaq Panel granted continued listing subject to bid price and MVLS compliance by Dec 29, 2023.
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Micromobility receives Nasdaq delisting notice for failure to maintain $35M market value of listed securities
Received additional Nasdaq delisting notice on Oct 31, 2023 for failing to maintain $35M market value of listed securities for 30 consecutive days.
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Micromobility issues 28.5M shares to Yorkville, terminates EVMO merger LOI
Issued 28.5 million common shares to Yorkville under SEPA on September 27, 2023.
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micromobility.com CFO Giulio Profumo departs; director Ponzellini resigns; audit committee non-compliant with Nasdaq
Giulio Profumo resigned as CFO and director effective Sept 15, 2023; received $137,000 separation payment.
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micromobility.com CEO outlines retail pivot, discontinues kitchen business, seeks Co-CEO
SoHo flagship store opens Sept 9; grand opening celebration the following week; retail pilot to scale.
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Nasdaq notifies micromobility.com of delisting due to stock price below $0.10
On Aug 4, 2023, Nasdaq issued delisting notice under Low Price Stocks Rule as MCOM closed at $0.10 or less for ten consecutive trading days.
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Micromobility's binding offer to acquire VanMoof placed on hold and not further considered
Submitted binding offer to acquire VanMoof on August 4, 2023.
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micromobility terminates Serie B broadcast agreements; pays ~€8.8M to exit
Terminated non-exclusive rights agreements with League Serie B on June 15, 2023.
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micromobility.com receives Nasdaq bid price deficiency notice; 180 days to cure
Received Nasdaq deficiency notice on June 15, 2023 for failing to maintain minimum $1.00 bid price.
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Micromobility issues 12.8M shares via Yorkville drawdowns; shares up 81% since June 9
Seven drawdowns from Yorkville SEPA: 12.8M Class A shares issued for gross proceeds of ~$4.37M.
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Micromobility.com signs LOI to merge with EVMO; pro-forma 2022 revenue $34M
Signed LOI to merge with EVMO (OTC:YAYO) in stock-for-stock transaction; target operates fleet rentals for rideshare gig economy.
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micromobility.com receives Nasdaq delisting notice for failure to meet $35M market value requirement
Nasdaq notified micromobility.com on May 2, 2023 of non-compliance with $35M minimum market value for Class A common stock and warrants.
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Helbiz completes 1:50 reverse stock split, rebrands as micromobility.com Inc., ticker changes to MCOM
Reverse stock split 1:50 effective March 30, 2023; Class A shares reduced from 278.5M to ~5.57M.
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Helbiz raises $4.5M convertible note, enters $50M equity line, issues Series B preferred to CEO
Issued $4.5M convertible note to Yorkville with 10% OID ($4.05M net), conversion at $0.50, repayment in installments from May-Sept 2023.
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Helbiz provides Wheels Labs audited financials showing $32.4M net loss and going concern
Acquisition consideration: ~6.75M Series A convertible preferred shares (6.99% of HLBZ common stock pre-close), convertible 1:1 on stockholder approval; 7.5% annual dividend.
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Helbiz enters $20M standby equity purchase agreement with Yorkville at up to 8% discount
Up to $20M of Class A common stock may be sold to Yorkville at 95% of lowest VWAP over 3 days or 92% of same-day VWAP.
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Helbiz receives Nasdaq delisting notice for minimum bid price; issues 30.8M shares to Yorkville for $6.5M
Nasdaq issued Additional Staff Determination for noncompliance with minimum bid price rule; company not eligible for second 180-day cure period.
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Helbiz receives Nasdaq delisting notice for missing annual meeting; CEO issued 2.2M shares for salary
Nasdaq notified Helbiz on Jan 4, 2023 of failure to hold annual meeting within 12 months after FY 2021; additional delisting basis.
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Helbiz receives Nasdaq delisting notice for market value shortfall; issues shares for debt conversion
Nasdaq notified Helbiz market value of Class A common stock and warrants below $35M for 10 consecutive business days through Dec 7, 2022.
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Helbiz acquires Wheels Labs in all-stock deal for 6.75M preferred shares (6.99% ownership)
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).
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Helbiz grants security interest on all assets to YA II PN, reduces conversion floor on debentures from $0.25 to $0.15
Granted YA II PN first-priority security interest in all assets to secure April/August 2022 debentures.
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Helbiz enters $13.9M standby equity purchase agreement with Yorkville Advisors
Helbiz can sell up to $13.9M in common stock to Yorkville at 95% of lowest VWAP or 92% if both agree.