Micromobility (MCOM) Jumps Up 🆙👆💪
Shared micromobility company Helbiz said it will do a reverse stock split in an attempt to get back into compliance with the Nasdaq, which issued the company a delisting notice last July because its stock was trading too low.
Helbiz is also rebranding to Micromobility.com Inc. to position itself as a micromobility brand that offers retail, rentals, shared micromobility, and *checks notes* sports streaming services.
The rebrand comes alongside the launch of a new brick-and-mortar retail business, which will include the setting up of physical stores across the U.S., starting with its first store in SoHo, New York City in the next 60 days. There’s also an e-commerce site up today, featuring a small selection of e-scooters, e-bikes, helmets and water bottles.
Due to the name change, Micromobility.com’s stock will start trading under the new ticker symbol “MCOM” and its warrants under “MCOMW” starting Friday. Helbiz’s stock closed Thursday at $0.12, down 4.5%, and then tumbled as much as 20% in after-hours trading.
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- YvetteGunther·2023-04-16Now I see this stosk is down, ! plan to buy 2000 shares; I am looking to double my money in six months. I am waiting for the stock to sink to 1.00 a share before I purchase. Does anyone think this is a good idea?LikeReport
- YvetteGunther·2023-04-16The micro in Micromobility must also refer to the market cap, and the state of bag holders accounts if they buy too much stock in this garbage.1Report
- YeddaJohnson·2023-04-16Wonder when next RS is coming. This will be back below $1 in the next month.1Report
- XantheJuliana·2023-04-16Need new strategy to steer the company out of this SP crisis. A new CEO may not be a bad idea.1Report
- YorkTurner·2023-04-16Did this stock do a reverse split recently. Im new here.1Report
- maricel·2023-04-12[Sly] [Sly] [Sly]1Report
- Furore·2023-04-12oooLikeReport