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micromobility.com Upgrade to OTCQB Market

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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.

Micromobility.com (OTCQB: MCOM) è passato dal mercato OTC Pink all'OTCQB® Venture Market, con effetto immediato. Questa mossa riflette l'impegno dell'azienda per la trasparenza, standard finanziari migliorati e un valore azionario potenziato. L'OTCQB Venture Market è riconosciuto come il mercato di riferimento per le aziende americane e internazionali in fase preliminare e di sviluppo.

Il CEO Salvatore Palella ha espresso entusiasmo nel soddisfare i requisiti dell'OTCQB, sottolineando il potenziale per una liquidità maggiore e un accesso più ampio al capitale. Il CFO Gian Luca Spriano ha enfatizzato l'implementazione di controlli finanziari rigorosi e processi di reporting potenziati, notando che questi sforzi stanno già producendo risultati positivi nelle performance finanziarie dell'azienda.

Micromobility.com (OTCQB: MCOM) se ha trasladado del mercado OTC Pink al OTCQB® Venture Market, con efecto inmediato. Este movimiento refleja el compromiso de la empresa con la transparencia, mejores estándares financieros y un valor mejorado para los accionistas. El OTCQB Venture Market es reconocido como el principal mercado para empresas en etapa temprana y en desarrollo en EE.UU. y a nivel internacional.

El CEO Salvatore Palella expresó entusiasmo por cumplir con los requisitos del OTCQB, destacando el potencial de una mayor liquidez y un acceso más amplio al capital. El CFO Gian Luca Spriano enfatizó la implementación de controles financieros rigurosos y procesos de reporte mejorados, señalando que estos esfuerzos ya están generando resultados positivos en el rendimiento financiero de la empresa.

Micromobility.com (OTCQB: MCOM)는 OTC Pink Market에서 OTCQB® Venture Market으로 업그레이드되었습니다, 즉시 시행됩니다. 이 조치는 회사의 투명성, 향상된 재무 기준 및 주주 가치를 증대시키는 것에 대한 헌신을 반영합니다. OTCQB Venture Market은 초기 단계 및 개발 중인 미국 및 국제 기업을 위한 최고의 시장으로 인정받고 있습니다.

CEO 살바토레 팔레라는 OTCQB 요구 사항을 충족하게 되어 기쁘다고 밝혔으며, 더 큰 유동성과 더 폭넓은 자본 접근의 잠재력을 강조했습니다. CFO 지안 루카 스프리아노는 엄격한 재무 통제 및 향상된 보고 프로세스를 구현하고 있으며, 이러한 노력들이 이미 회사의 재무 성과에서 긍정적인 결과를 보고하고 있다고 강조했습니다.

Micromobility.com (OTCQB: MCOM) a fait la transition du marché OTC Pink vers le marché OTCQB® Venture, avec effet immédiat. Ce mouvement reflète l'engagement de l'entreprise envers la transparence, des normes financières améliorées et une valeur accrue pour les actionnaires. Le marché OTCQB Venture est reconnu comme le marché de référence pour les entreprises américaines et internationales en phase de démarrage et de développement.

Le PDG Salvatore Palella a exprimé son enthousiasme à respecter les exigences du OTCQB, mettant en avant le potentiel d'une plus grande liquidité et d'un accès élargi au capital. Le CFO Gian Luca Spriano a souligné la mise en œuvre de contrôles financiers rigoureux et de processus de reporting améliorés, notant que ces efforts produisent déjà des résultats positifs dans la performance financière de l'entreprise.

Micromobility.com (OTCQB: MCOM) hat vom OTC Pink Market auf den OTCQB® Venture Market umgestellt, mit sofortiger Wirkung. Dieser Schritt spiegelt das Engagement des Unternehmens für Transparenz, höhere finanzielle Standards und einen gesteigerten Aktionärswert wider. Der OTCQB Venture Market gilt als der premier Marktplatz für frühzeitige und sich entwickelnde US-amerikanische sowie internationale Unternehmen.

CEO Salvatore Palella äußerte sich begeistert darüber, die Anforderungen des OTCQB zu erfüllen, und hob das Potenzial für höhere Liquidität und breiteren Zugang zu Kapital hervor. CFO Gian Luca Spriano betonte die Umsetzung strenger finanzieller Kontrollen und verbesserter Berichtsprozesse und bemerkte, dass diese Maßnahmen bereits positive Ergebnisse in der finanziellen Leistung des Unternehmens zeigen.

Positive
  • Upgraded from OTC Pink Market to OTCQB Venture Market, potentially increasing investor confidence and visibility
  • Implemented rigorous financial controls and enhanced reporting processes
  • Improved financial performance reported by CFO
  • Potential for greater liquidity and broader access to capital markets
Negative
  • None.

NEW YORK--(BUSINESS WIRE)-- Micromobility.com (OTCQB: MCOM) is pleased to announce its graduation to the OTCQB ® Venture Market from the OTC Pink Market, effective immediately.

Visit www.micromobility.com

Visit www.micromobility.com

The OTCQB Venture Market, operated by OTC Markets Group, is recognized as the premier marketplace for early-stage and developing U.S. and international companies. The upgrade to the OTCQB reflects micromobility.com’s commitment to transparency, improved financial standards, and enhanced shareholder value.

“We are thrilled to have met the requirements for trading on the OTCQB Venture Market,” said Salvatore Palella, CEO of Micromobility.com. “This significant milestone demonstrates our dedication to maintaining higher financial standards, improving our corporate governance, and increasing visibility within the investment community. We believe this move will provide greater liquidity and broader access to capital, which are essential for our growth and expansion plans.”

“We have implemented rigorous financial controls and enhanced our reporting processes to ensure greater accuracy and transparency in our financial statements,” said Gian Luca Spriano, CFO of micromobility.com. “This graduation is a strategic move to increase liquidity and attract a broader base of investors, providing us with greater access to capital markets to fund our growth initiatives and invest in new technologies and infrastructure. We are committed to driving profitability while maintaining our focus on innovation and customer satisfaction. These efforts are already yielding positive results, reflected in our improving financial performance.”

The OTCQB Venture Market offers companies the advantage of being traded on an established public market while providing investors with a robust trading experience. Companies on OTCQB must meet high financial standards, undergo annual verification and management certification processes, and are subject to the SEC’s reporting requirements. With this upgrade, micromobility.com anticipates increased investor confidence and interest, which will support the company’s strategic objectives and facilitate its mission to revolutionize urban transportation through innovative mobility solutions.

“Upgrading to the OTCQB Market is a significant step in our journey, and we look forward to the new opportunities this will bring to our company and our stakeholders.” added Salvatore Palella

Forward-Looking Statements

Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate” “believe” “expect” “estimate” “plan” “outlook” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i)the failure to meet projected development and production targets; (ii) changes in applicable laws or regulations; and (iii) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company including its Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The Company’s SEC filings are available publicly on the SEC’s website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.

press@micromobility.com

Source: Micromobility.com

FAQ

What is the new trading market for Micromobility.com (MCOM) stock?

Micromobility.com (MCOM) has upgraded to the OTCQB® Venture Market from the OTC Pink Market, effective immediately.

How might the OTCQB upgrade affect Micromobility.com (MCOM) investors?

The upgrade may lead to increased investor confidence, improved liquidity, and broader access to capital for MCOM, potentially enhancing shareholder value.

What financial improvements has Micromobility.com (MCOM) made to qualify for the OTCQB?

MCOM has implemented rigorous financial controls and enhanced reporting processes, leading to improved financial performance according to the CFO.

What are the requirements for companies trading on the OTCQB Venture Market?

Companies on OTCQB must meet high financial standards, undergo annual verification and management certification processes, and comply with SEC reporting requirements.

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