Micromobility.com Inc. announced a private placement of a convertible promissory note for gross proceeds of $3,400,000 on November 13, 2023. The transaction included participation from returning investor YA II PN, Ltd., a fund managed by Yorkville Advisors Global LP. The promissory note will be converted into shares of our class a common stock at a conversion price of $0.25 any time prior to the maturity date, subject to the terms and conditions of the promissory note, provided that there may be no such conversion if such conversion would cause the holder to beneficially own more than 4.99% of our common stock.

The maturity date of the note is March 31, 2024. Interest shall not accrue on the outstanding principal balance of the promissory note unless and until there is an event of default, upon the occurrence of which, interest shall accrue at a rate of 15% per year until collected in full. The promissory note has a 15% original issue discount.