Micromobility.com Announced Seven Drawdowns For A Total Of 12.8M Shares Of Class A Common Stock For Gross Proceeds Of About $4.4M Off Of Standby Equity Purchase Agreement With Yorkville
Portfolio Pulse from Charles Gross
Micromobility.com announced seven drawdowns for a total of 12.8 million shares of Class A common stock, raising gross proceeds of about $4.4 million through a standby equity purchase agreement with Yorkville.

June 12, 2023 | 9:16 pm
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Micromobility.com raised $4.4 million through a standby equity purchase agreement with Yorkville, issuing 12.8 million shares of Class A common stock.
Micromobility.com's announcement of raising $4.4 million through the issuance of 12.8 million shares of Class A common stock is likely to have a positive short-term impact on the stock price. The additional capital will provide the company with resources to invest in growth opportunities and improve its financial position. The deal with Yorkville also demonstrates investor confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100