micromobility.com Inc. CFO Resigns, Faces Nasdaq Delisting Warning
Ticker: MCOMW · Form: 8-K · Filed: Mar 1, 2024 · CIK: 1788841
| Field | Detail |
|---|---|
| Company | Micromobility.Com Inc. (MCOMW) |
| Form Type | 8-K |
| Filed Date | Mar 1, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | bearish |
Sentiment: bearish
Topics: cfo-departure, delisting-warning, management-change
Related Tickers: mcom
TL;DR
CFO out, Nasdaq warning issued - big trouble for mcom.
AI Summary
On February 27, 2024, micromobility.com Inc. announced the resignation of its Chief Financial Officer, Robert McGuire, effective March 1, 2024. The company also appointed Jonathan E. St. Louis as interim CFO. Additionally, the company disclosed that it received a notice from the Nasdaq Stock Market on February 23, 2024, indicating a deficiency in its public float requirement.
Why It Matters
The departure of the CFO and the Nasdaq deficiency notice raise concerns about the company's financial stability and its ability to remain listed on a major stock exchange.
Risk Assessment
Risk Level: high — The company is facing a Nasdaq delisting warning and has lost its CFO, indicating significant financial and operational challenges.
Key Numbers
- 001-39136 — SEC File Number (Identifies the company's filings with the SEC.)
Key Players & Entities
- micromobility.com Inc. (company) — Registrant
- Robert McGuire (person) — Resigning Chief Financial Officer
- Jonathan E. St. Louis (person) — Interim Chief Financial Officer
- Nasdaq Stock Market (company) — Exchange where company is listed
- February 27, 2024 (date) — Date of report
- March 1, 2024 (date) — Effective date of CFO resignation
- February 23, 2024 (date) — Date Nasdaq notice was received
FAQ
Who has been appointed as the interim Chief Financial Officer?
Jonathan E. St. Louis has been appointed as the interim Chief Financial Officer.
When is Robert McGuire's resignation effective?
Robert McGuire's resignation is effective March 1, 2024.
What deficiency did micromobility.com Inc. receive a notice for from Nasdaq?
The company received a notice for a deficiency in its public float requirement.
What was the exact date of the Nasdaq notice?
The notice from the Nasdaq Stock Market was received on February 23, 2024.
What is the company's former name?
The company's former name was Helbiz, Inc. and prior to that, GreenVision Acquisition Corp.
Filing Stats: 515 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-03-01 16:01:11
Filing Documents
- mcom_8k.htm (8-K) — 25KB
- 0001553350-24-000006.txt ( ) — 189KB
- mcom-20240227.xsd (EX-101.SCH) — 3KB
- mcom-20240227_lab.xml (EX-101.LAB) — 33KB
- mcom-20240227_pre.xml (EX-101.PRE) — 22KB
- mcom_8k_htm.xml (XML) — 3KB
02 Departure of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Departure of Officer On February 27, 2024, Mr. Jonathan Hannestad, Chief Operating Officer of micromobility.com Inc. (the "Company"), notified the board of directors of the Company (the "Board") of his intention to resign from his position, effective on February 27, 2024, 2024. Mr. Hannestad's resignation was not the result of any dispute or disagreement with the Company or the Board or any matter relating to the operation, policies or practices of the Company. Mr. Hannestad cited limited availability due to his transition as an executive officer for another company as to the reason why he no longer could satisfy his duties in good faith as a Chief Operating Officer of the Company. Mr. Hannestad will instead remain with the Company in a consultant capacity to the Company on terms to be determined.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 104 Cover page of this Current Report on Form 8-K formatted in Inline XBRL SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: March 1, 2024 micromobility.com Inc. By: /s/ Salvatore Palella Name: Title: Salvatore Palella Chief Executive Officer