M&A - micromobility.com Inc.

Form Type: 10-K

Filing Date: 2025-04-15

Corporate Action: Acquisition

Type: Update

Accession Number: 000107997325000651

Filing Summary: For the fiscal year ended December 31, 2024, micromobility.com Inc. has undergone significant changes and strategic decisions affecting its business. The company has shifted its focus from transportation services to software development, generating approximately $1.4 million in revenue through services offered to Everli, S.p.A., a related party. Notably, on August 19, 2024, the company sold 100% of the equity interest in Wheels Lab, Inc. to a third party, ceasing its mobility operations in the USA and Europe due to cost concerns and inability to raise necessary capital. Additionally, a Stock Purchase Agreement was entered into on December 31, 2024, involving the transfer of its subsidiaries, including Helbiz Europe Limited and Micromobility.com Italia S.r.l., and related intellectual property, for a reduced sales price aimed at decreasing debt with a controlling shareholder. The company continues to adapt amidst challenges, including a delisting from Nasdaq due to compliance issues, which led to trading on the OTC Pink Sheets. Employees remain primarily focused in technology and administration, while efforts to improve financial stability continue through various restructuring initiatives.

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Form Type: 8-K

Filing Date: 2025-01-03

Corporate Action: Acquisition

Type: New

Accession Number: 000107997325000028

Filing Summary: On December 31, 2024, Micromobility.com Inc. entered into a Stock Purchase Agreement with Helbiz Holdings, Inc. and Palella Holdings LLC. The agreement stipulates the transfer of all issued and outstanding shares of its subsidiaries, Helbiz Europe Limited and Micromobility.com Italia S.r.l., along with all rights and interests in Helbiz brands. This includes Helbiz platforms, intellectual property such as patents and trademarks related to Helbiz, and any trade secrets. The total sales price agreed upon is $100,000. Completion of this transaction is contingent upon transferring full ownership of Helbiz DOO to become a wholly-owned subsidiary of Micromobility.com Inc. and obtaining approval from the Supreme Court of the State of New York pertaining to an ongoing legal action involving Bernheim Investment Fund SICAV.

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