Micromobility.com, previously Helbiz, was delisted from the Nasdaq on Monday because of the corporate’s noncompliance with the inventory alternate’s itemizing guidelines, in accordance with a regulatory submitting.
Competitor Chicken — the one different shared micromobility firm to courageous the general public markets — was additionally delisted from the inventory alternate in September.
The corporate’s widespread inventory and warrants had been suspended from buying and selling in the beginning of enterprise Wednesday.
Micromobility.com was kicked off the inventory marketplace for failing to take care of a share value of a minimum of $1 and for failing to adjust to Nasdaq’s minimal stockholders’ fairness requirement for continued itemizing.
The corporate’s inventory has struggled to stay in compliance since going public by way of particular objective acquisition merger in 2021. In March, the corporate issued a reverse inventory cut up to deliver the worth again into compliance, the positive factors from which didn’t final lengthy. Micromobility.com additionally lately stated it supposed to hunt approval for one more reverse cut up at a particular assembly of the stockholders scheduled for January 2024. That assembly has been postponed, as has the transfer to do one other reverse cut up.
Micromobility.com stated in its submitting that it’s going to apply to have its widespread inventory and warrants quoted to be traded over-the-counter. After Chicken’s delisting in September, the corporate additionally selected to maneuver its inventory to OTC markets, as properly. Chicken lately issued layoffs and its third-quarter earnings present an organization that may very well be near submitting for chapter.
Micromobility.com says its transition to OTC markets will “don’t have any impact on the corporate’s enterprise or operations.” The startup’s rebrand aimed to encapsulate a push towards retail — Micromobility.com opened its first brick-and-mortar retailer in SoHo, New York Metropolis in September and has an e-commerce web site that includes a small collection of e-scooters, e-bikes, helmets and water bottles.
The startup’s earnings present an organization that introduced in $1.5 million in income within the third-quarter at a web lack of $9.5 million. The steadiness sheet additionally reveals that Micromobility.com’s liabilities, at $61.7 million, vastly outweigh its property, at $9.4 million.
The corporate’s inventory closed Monday at $0.44.
Micromobility.com’s delisting comes because the shared micromobility trade finds itself in turmoil. Superpedestrian shut down final week and is exploring the sale of its European enterprise. Tier Mobility in November issued its third spherical of layoffs this yr, after promoting off Spin to Chicken a pair months earlier.
Apple 20W USB-C Power Adapter (for iPhone, iPad & AirPods)
₹1,699.00 (as of December 19, 2023 21:38 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
JBL C100SI Wired In Ear Headphones with Mic, JBL Pure Bass Sound, One Button Multi-function Remote, Angled Buds for Comfort fit (Black)
₹599.00 (as of December 19, 2023 21:38 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Noise Newly Launched Quad Call 1.81" Display, Bluetooth Calling Smart Watch, AI Voice Assistance, 160+Hrs Battery Life, Metallic Build, in-Built Games, 100 Sports Modes, 100+ Watch Faces (Jet Black)
₹1,399.00 (as of December 19, 2023 21:38 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Samsung Original 25W Single Port, Type-C Fast Charger, (Cable not Included), White
₹1,299.00 (as of December 19, 2023 21:38 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
HP v236w USB 2.0 64GB Pen Drive, Metal, Silver
₹377.00 (as of December 19, 2023 21:38 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
HP Wired Mouse 100 with 1600 DPI Optical Sensor, USB Plug-and -Play,ambidextrous Design, Built-in Scrolling and 3 Handy Buttons. 3-Years Warranty (6VY96AA)
₹279.00 (as of December 19, 2023 21:38 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
SanDisk Cruzer Blade 32GB USB Flash Drive
₹346.00 (as of December 19, 2023 21:38 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Callas Multipurpose Foldable Laptop Table with Cup Holder | Drawer | Mac Holder | Study Table, Breakfast Table, Foldable and Portable/Ergonomic & Rounded Edges/Non-Slip Legs (WA-27-Black) | Metal
₹499.00 (as of December 19, 2023 21:38 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Portronics Konnect L POR-1403 Fast Charging 3A Type-C Cable 1.2 Meter with Charge & Sync Function for All Type-C Devices (White)
₹119.00 (as of December 19, 2023 21:38 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Dell MS116 Wired Optical Mouse, 1000Dpi, Led Tracking, Scrolling Wheel, Plug and Play
₹309.00 (as of December 19, 2023 21:38 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
SanDisk 2TB Extreme Portable SSD - Up to 1050MB/s, USB-C, USB 3.2 Gen 2, IP65 Water and Dust Resistance, Updated Firmware - External Solid State Drive - SDSSDE61-2T00-G25
$139.99 (as of December 19, 2023 21:38 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Corsair Vengeance LPX 16GB (2x8GB) DDR4 DRAM 3200MHz C16 Desktop Memory Kit - Black (CMK16GX4M2B3200C16)
$41.99 (as of December 19, 2023 21:38 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
UnionSine 500GB 2.5" Ultra Slim Portable External Hard Drive HDD-USB 3.0 for PC, Mac, Laptop, PS4, Xbox one,Xbox 360-HD-2510(Black)
$33.78 (as of December 19, 2023 21:38 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Seagate Storage Expansion Card 2TB Solid State Drive - NVMe SSD for Xbox Series X|S, Quick Resume, Plug & Play, Licensed (STJR2000400)
$279.99 (as of December 19, 2023 21:38 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)