{"id":752933,"date":"2023-05-01T07:48:07","date_gmt":"2023-05-01T11:48:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/micromobility-com-inc-achieves-compliance-with-nasdaq-minimum-bid-price-requirement\/"},"modified":"2023-05-01T07:48:07","modified_gmt":"2023-05-01T11:48:07","slug":"micromobility-com-inc-achieves-compliance-with-nasdaq-minimum-bid-price-requirement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/micromobility-com-inc-achieves-compliance-with-nasdaq-minimum-bid-price-requirement\/","title":{"rendered":"micromobility.com Inc. Achieves Compliance with Nasdaq Minimum Bid Price Requirement"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>micromobility.com Inc. Achieves Compliance with Nasdaq Minimum Bid Price Requirement<\/b><\/p>\n<p class=\"bwalignc\"><i>The company successfully addresses bid price and reinforces its position as a leading player in the micromobility industry, demonstrating a solid commitment to growth and innovation.<\/i><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nmicromobility.com Inc. (NASDAQ: MCOM), a pioneering global micromobility ecosystem, is pleased to announce that it has achieved compliance with the Nasdaq Capital Market&#8217;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 (&#8220;Nasdaq&#8221;), confirming that it has met the required threshold, as stipulated by the Hearing Panel&#8217;s (&#8220;Panel&#8221;) amended decision of March 7, 2023 (the &#8220;Decision&#8221;). 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.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20230501005367\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230501005367\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230501005367\/en\/1779002\/4\/Screen_Shot_2023-05-01_at_11.54.08_AM.jpg\" alt=\"Visit www.micromobility.com (Graphic: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Visit www.micromobility.com (Graphic: Business Wire)<\/p>\n<\/div>\n<p>\nThis achievement underscores micromobility.com Inc.&#8217;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.<\/p>\n<p>\nMicromobility.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.<\/p>\n<p><b>About micromobility.com Inc.<\/b><\/p>\n<p>\nmicromobility.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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.micromobility.com&amp;esheet=53390590&amp;newsitemid=20230501005367&amp;lan=en-US&amp;anchor=www.micromobility.com&amp;index=1&amp;md5=92aec1b2d4c91e7f32754f98b8f25fee\">www.micromobility.com<\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nCertain statements made in this press release are \u201cforward-looking statements&#8221; within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as \u201canticipate\u201d, \u201cbelieve\u201d, \u201cexpect\u201d, \u201cestimate\u201d, \u201cplan\u201d, \u201coutlook\u201d, and \u201cproject\u201d 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\u2019s 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;(iii) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (iv) 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 \u201cSEC\u201d) by the Company. Additional information concerning these and other factors that may impact the Company\u2019s expectations and projections can be found in its periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2022. The Company\u2019s SEC filings are available publicly on the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=53390590&amp;newsitemid=20230501005367&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=2&amp;md5=b8e2d779836af8630e79b97ab88a50c7\">www.sec.gov<\/a>. Any forward-looking statement made by us in this press release is based only on information currently available to micromobility.com inc. and speaks only as of the date on which it is made. micromobility.com Inc. 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.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230501005367r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230501005367\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230501005367\/en\/<\/a><\/span><\/p>\n<p><b>For media inquiries<\/b>:<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:press@micromobility.com\">press@micromobility.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Online Retail Other Retail Public Transport Transportation Technology Automotive Travel Other Transport Retail Transport Other Automotive Other Technology<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230501005367\/en\/1779001\/3\/Micromobility.com_Logo_Black.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230501005367\/en\/1779002\/3\/Screen_Shot_2023-05-01_at_11.54.08_AM.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Visit www.micromobility.com (Graphic: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>micromobility.com Inc. Achieves Compliance with Nasdaq Minimum Bid Price Requirement The company successfully addresses bid price and reinforces its position as a leading player in the micromobility industry, demonstrating a solid commitment to growth and innovation. NEW YORK&#8211;(BUSINESS WIRE)&#8211; micromobility.com Inc. (NASDAQ: MCOM), a pioneering global micromobility ecosystem, is pleased to announce that it has achieved compliance with the Nasdaq Capital Market&#8217;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 (&#8220;Nasdaq&#8221;), confirming that it has met the required threshold, as stipulated by the Hearing Panel&#8217;s (&#8220;Panel&#8221;) amended decision of March 7, 2023 (the &#8220;Decision&#8221;). The Company attained compliance when the closing bid price for &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/micromobility-com-inc-achieves-compliance-with-nasdaq-minimum-bid-price-requirement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;micromobility.com Inc. Achieves Compliance with Nasdaq Minimum Bid Price Requirement&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-752933","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>micromobility.com Inc. 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(NASDAQ: MCOM), a pioneering global micromobility ecosystem, is pleased to announce that it has achieved compliance with the Nasdaq Capital Market&#8217;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 (&#8220;Nasdaq&#8221;), confirming that it has met the required threshold, as stipulated by the Hearing Panel&#8217;s (&#8220;Panel&#8221;) amended decision of March 7, 2023 (the &#8220;Decision&#8221;). The Company attained compliance when the closing bid price for &hellip; Continue reading &quot;micromobility.com Inc. 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