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micromobility.com ( (MCOM) ) has issued an update.
Micromobility.com company announced the transfer of its debt from YA II PN, Ltd. to Palella Holdings, LLC, a related party where Salvatore Palella, the former CEO and controlling shareholder, has a major interest. This assignment involved approximately $3,447,000 from a convertible promissory note and $5,750,000 under a loan agreement. On the same day, Salvatore Palella resigned as CEO and Gian Luca Spriano was appointed as the new CEO. Spriano brings experience as the former CFO and head of business development, with a strong background in international law and climate initiatives.
More about micromobility.com
YTD Price Performance: -82.86%
Average Trading Volume: 136,649
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.13M
Learn more about MCOM stock on TipRanks’ Stock Analysis page.