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MICROMOBILITY.COM INC A - MCOM STOCK NEWS

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Micromobility.com Inc. (MCOM) is at the forefront of reinventing urban transportation by creating a fully integrated mobility ecosystem. Their diverse offerings include the Helbiz Coin, a cryptocurrency designed specifically for transportation services, and the Helbiz App, a peer-to-peer vehicle sharing application available on both iOS and Android. The app aims to provide a straightforward, instant, and cost-effective solution for vehicle sharing.

The company's Helbiz Mobility System operates as an open platform on the Ethereum blockchain. This platform is not only for Helbiz's operations but is also available for other mobility-related services and companies wishing to build on this innovative technology.

Using the Helbiz app, users can rent a variety of vehicles, including cars, motorcycles, and bicycles, from their peers. This marketplace features everything from luxury vehicles like Rolls Royce to more economical options such as bicycles, catering to every kind of trip, whether for business or leisure.

Helbiz aims to transform vehicle rental by simplifying the process and offering a customized experience, complete with instant insurance to meet each renter's specific needs. This approach resonates with a wide audience, particularly those who appreciate the opportunity to earn extra income by renting out their vehicles.

In recent developments, Micromobility.com Inc. has formed strategic partnerships to expand its service offerings. The company is continuously working on enhancing its platform to provide an unmatched user experience. Financially, MCOM has shown robust performance with revenue growth attributed to their innovative business model.

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micromobility.com has announced a significant leadership transition with the appointment of Gian Luca Spriano as CEO and board member, effective December 9, 2024. Mr. Spriano succeeds Salvatore Palella, the controlling shareholder, who has stepped down from his executive and board roles.

Mr. Spriano has been with the company since July 2018, serving in key roles such as Head of Business Development and most recently as CFO since December 2023. His leadership has been pivotal in expanding the company’s brand presence across Europe, the U.S., and Canada, and in fostering relationships with government entities.

Mr. Spriano also holds significant leadership positions in organizations where Mr. Palella has majority equity interest, including CFO of Palella Holdings and Chairman of Everli S.p.A. His extensive background includes working with the United Nations on climate action and sustainable development. He holds a J.D. in International European Law and a Master in International Financial Law.

Mr. Spriano is committed to repositioning the company in 2025 and creating shareholder value. The company thanks Mr. Palella for his dedicated service and accomplishments in the micromobility sector.

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micromobility.com Inc. (MCOM) has announced the sale of its subsidiary, Wheels Labs, Inc., to Overseas Moped Investment and Holding Pte , a Singapore-based The transaction, completed on August 19, 2024, involves the sale of all Wheels' capital stock for a nominal price of $1.00. The purchaser will assume all of Wheels' assets, liabilities, and future contingencies.

This strategic move allows MCOM to streamline operations and focus on core business areas. The deal includes standard representations, warranties, and termination provisions. MCOM's CEO, Salvatore Palella, views this as a significant step towards refocusing on high-potential growth areas.

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Micromobility.com (OTCQB: MCOM) has upgraded from the OTC Pink Market to the OTCQB® Venture Market, effective immediately. This move reflects the company's commitment to transparency, improved financial standards, and enhanced shareholder value. The OTCQB Venture Market is recognized as the premier marketplace for early-stage and developing U.S. and international companies.

CEO Salvatore Palella expressed enthusiasm about meeting the OTCQB requirements, highlighting the potential for greater liquidity and broader access to capital. CFO Gian Luca Spriano emphasized the implementation of rigorous financial controls and enhanced reporting processes, noting that these efforts are already yielding positive results in the company's financial performance.

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micromobility.com, a leader in urban mobility solutions, announced a significant change in control. On June 10, 2024, Palella Holdings acquired 51% of micromobility.com’s (MCOM) common stock. The acquisition involved converting $705,441.98 of a convertible note into 47,029,465 shares at $0.015 per share, slightly above the closing price on June 10, 2024. This strategic move aims to foster growth, improve efficiencies, and drive long-term value. Palella Holdings is controlled by micromobility.com's CEO, indicating a related-party transaction.

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micromobility.com Inc. announced its Fiscal Year 2023 Financial Results, showcasing strategic resilience amidst industry challenges. Total Net Revenues decreased by 37% to $9.8 million due to exiting non-profitable markets. Cost of Revenues decreased by 30%, and financial liabilities reduced by 62% to $15.4 million. The company aims to solidify its market position through strategic mergers and acquisitions.
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micromobility.com Inc. (OTC: MCOM) reaffirms positive collaborations with Atlas Special Opportunities and potential partnership with a prominent Asian industrial group amidst Nasdaq delisting.
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micromobility.com Inc. (Nasdaq: MCOM) received a delisting notice from Nasdaq due to failure to maintain a minimum closing bid price and comply with stockholders' equity requirements, prompting the company to consider an appeal and evaluate the benefits of continuing to list on Nasdaq compared to the substantial costs. The company is also initiating the process of transferring the quotation of its common stock and warrants to an over-the-counter market operated by OTC Markets Group Inc, with the stock expected to be quoted and traded on the Pink Current Information tier.
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micromobility.com Inc. (NASDAQ: MCOM) confirms Gian Luca Spriano as its Chief Financial Officer (CFO) in a strategic move to strengthen financial stability and profitability. Spriano's pivotal role in reducing debt from $15,000,000 to $5,750,000 reflects the company's commitment to sound financial management and long-term growth. The appointment of Spriano and the ongoing management restructuring highlight the company's dedication to operational excellence, financial strength, and strategic growth.
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micromobility.com Inc. (NASDAQ: MCOM) has achieved a significant milestone in its financial strategy by reducing its debt burden through a Settlement and Release Agreement. The company successfully settled outstanding obligations, resulting in a reduction of outstanding loan principal from $15,000,000 to $5,750,000. CEO Salvatore Palella and Interim CFO Gian Luca Spriano expressed optimism about the company's path to profitability and sustainable growth.
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Micromobility.com Inc. (NASDAQ: MCOM) introduces the micromobility.com App - The Micromobility Hub, a platform revolutionizing sustainable urban living. The app allows for vehicle purchases, retail interaction, and community engagement. Available for global download on the App Store and Google Play, the app features same-day delivery, in-store pickup, a rewards program, and future long-term rental updates. CEO Salvatore Palella emphasizes the app's role in opening new revenue streams and transitioning the company into a comprehensive leader in the micromobility sector, aiming to redefine urban transportation solutions.
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FAQ

What is the current stock price of MICROMOBILITY.COM A (MCOM)?

The current stock price of MICROMOBILITY.COM A (MCOM) is $0.011 as of December 20, 2024.

What is the market cap of MICROMOBILITY.COM A (MCOM)?

The market cap of MICROMOBILITY.COM A (MCOM) is approximately 1.1M.

What is Micromobility.com Inc.?

Micromobility.com Inc. (MCOM) is a company focused on transforming urban transportation through its integrated mobility ecosystem, including the Helbiz App and Helbiz Coin.

What products does Micromobility.com Inc. offer?

The company offers the Helbiz App for peer-to-peer vehicle sharing, the Helbiz Coin cryptocurrency, and the Helbiz Mobility System on the Ethereum blockchain.

How does the Helbiz App work?

The Helbiz App allows users to rent vehicles such as cars, motorcycles, and bicycles from others, providing an easy, instant, and economical way to access transportation.

What is the Helbiz Mobility System?

The Helbiz Mobility System is an open platform on the Ethereum blockchain for mobility-related services and companies wanting to build on or use the platform.

What types of vehicles can be rented through the Helbiz App?

Users can rent a variety of vehicles, including luxury cars like Rolls Royce, more economical vehicles, motorcycles, and bicycles.

What makes Helbiz unique in the vehicle rental industry?

Helbiz differentiates itself by simplifying the rental process, offering personalized experiences, and providing instant insurance tailored to the renter's needs.

Can users earn money with Helbiz?

Yes, users can make extra money by renting out their vehicles through the Helbiz App.

What are the latest achievements of Micromobility.com Inc.?

Recent achievements include forming strategic partnerships and showing strong financial performance due to their innovative business model.

Is the Helbiz App available on all mobile platforms?

Yes, the Helbiz App is available on both iOS and Android platforms.

How does Helbiz ensure the safety of its renters?

Helbiz provides instant insurance to suit the specific needs of each renter, ensuring a safe and secure rental experience.

MICROMOBILITY.COM INC A

OTC:MCOM

MCOM Rankings

MCOM Stock Data

1.11M
92.21M
0.01%
0.52%
7.76%
Recreational Vehicles
Consumer Cyclical
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United States of America
New York