Micromobility.com inc. slashes debt by $9.25 million in strategic financial triumph

New york--(business wire)--micromobility.com inc. (nasdaq: mcom) announces a landmark achievement in its financial strategy, significantly reducing its debt and setting a course for profitability. the company has successfully implemented a settlement and release agreement, leading to a major reduction in its debt burden. on november 27, 2023, micromobility.com inc. entered into a settlement and release agreement with securis investment partners llp, acting as an administrative agent for the len.
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