micromobility.com Inc. Files 8-K for Asset Deal

TL;DR

MCOM files 8-K for asset deal, check financials.

AI Summary

On August 19, 2024, micromobility.com Inc. (formerly Helbiz, Inc.) entered into a Material Definitive Agreement related to the completion of an acquisition or disposition of assets. The filing also includes financial statements and exhibits, and a Regulation FD Disclosure. The company is incorporated in Delaware and its principal executive offices are located at 500 Broome Street, New York, NY.

Why It Matters

This 8-K filing indicates a significant corporate action, likely an acquisition or disposition of assets, which could impact the company's future operations and financial structure.

Risk Assessment

Risk Level: medium — 8-K filings often signal significant corporate events that can introduce volatility and uncertainty for investors.

Key Players & Entities

• micromobility.com Inc. (company) — Registrant
• Helbiz, Inc. (company) — Former company name
• GreenVision Acquisition Corp. (company) — Former company name
• August 19, 2024 (date) — Date of earliest event reported
• 500 Broome Street, New York, NY 10013 (address) — Principal executive offices

FAQ

Key Financial Figures

• $1.00 — ser in exchange for a purchase price of $1.00 and the Purchaser's assumption of Wheel

Filing Documents

• mcom_8k.htm (8-K) — 29KB
• ex10x1.htm (EX-10.1) — 93KB
• ex99x1.htm (EX-99.1) — 9KB
• image_001.jpg (GRAPHIC) — 43KB
• 0001079973-24-001290.txt ( ) — 379KB
• mcom-20240819.xsd (EX-101.SCH) — 3KB
• mcom-20240819_lab.xml (EX-101.LAB) — 33KB
• mcom-20240819_pre.xml (EX-101.PRE) — 22KB
• mcom_8k_htm.xml (XML) — 3KB

01 Entry Into

Item 1.01 Entry Into a Material Definitive Agreement Securities Purchase Agreement On August 19, 2024, micromobility.com Inc. (the "Company") entered into a securities purchase agreement (the "Purchase Agreement") by and between Overseas Moped Investment and Holding Pte Ltd., a Singapore corporation (the "Purchaser"), and the Company. Pursuant to that Purchase Agreement, we agreed to sell all of the issued and outstanding capital stock of Wheels Labs, Inc. ("Wheels"), a wholly owned subsidiary of the Company, to the Purchaser in exchange for a purchase price of $1.00 and the Purchaser's assumption of Wheel's assets and liabilities, inclusive of Wheels' intellectual property, and the Company's release of Wheels' current operational, legal and future loss contingencies. The Purchase Agreement includes customary representations and warranties on behalf of both the Company and the Purchaser. The Purchase Agreement also provides for customary provisions for termination by either party, including in the event of breach of the Purchase Agreement, subject to cure. The foregoing description of the Purchase Agreement is not intended to be complete and is qualified in its entirety by reference to the full text of the form of Purchase Agreement, a copy of which is filed as Exhibit 10.1 and incorporated by reference herein. Item 2.01 Completion of Acquisition or Disposition of Assets The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure On August 21, 2024, the Company issued a press release announcing the entry into the Purchase Agreement. A copy of the press release is attached as Exhibit 99.1 hereto and is hereby incorporated by reference in its entirety. The information set forth in Item 7.01 (including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 10.1 Securities Purchase Agreement, dated August 19, 2024, between Overseas Moped Investment and Holding Pte Ltd. and the Company 99.1 Press Release entitled "micromobility.com Inc. Announces Sale of Wheels Labs, Inc. to Overseas Moped Investment and Holding Pte Ltd.", dated August 21, 2024 issued by micromobility.com Inc. 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: August 21, 2024 micromobility.com Inc. By: /s/ Salvatore Palella Name: Title: Salvatore Palella Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR