micromobility.com Inc. (MCOM), a pioneering global micromobility ecosystem, is pleased to announce that it has achieved compliance with the Nasdaq Capital Market's minimum bid price requirement. On April 30, 2023, micromobility.com Inc. received a letter from the Listing Qualifications Department of the Nasdaq Stock Market, LLC ("Nasdaq"), confirming that it has met the required threshold, as stipulated by the Hearing Panel's ("Panel") amended decision of March 7, 2023 (the "Decision"). The Company attained compliance when the closing bid price for its common stock remained at or above the required threshold for twenty consecutive business days, successfully resolving the matter.
This achievement underscores micromobility.com Inc.'s commitment to growth, innovation, and maintaining a strong market presence. In order to maintain full compliance, the Company is required to hold its annual meeting on or before May 31, 2023, and is actively organizing to make this happen.
Micromobility.com Inc. remains deeply committed to maintaining its listing on the Nasdaq Capital Market and expresses gratitude for the unwavering support of its shareholders, customers, and partners. The Company will continue to innovate, expand its offerings, and drive growth within the micro-mobility sector, striving to provide exceptional value and service to all stakeholders.
About micromobility.com Inc.
micromobility.com Inc., a disruptive leader in the micromobility sector, founded by Salvatore Palella in 2015, combines expertise in retail, shared services, and vehicle rentals to revolutionize urban transportation. With operations spanning across the US and Europe, the holding group encompasses shared micromobility solutions through Helbiz Inc., vehicle rentals via Wheels Labs Inc. and e-commerce and planned brick-and-mortar stores via the micromobility.com brand. Committed to providing eco-friendly, affordable solutions and enhancing global accessibility, micromobility.com Inc. sets the standard for professional excellence in the micromobility landscape. For more information, visit www.micromobility.com.