Zinger Key Points
- Micromobility.com received a notice from Nasdaq stating its stock and warrants would be suspended.
- MCOM also postponed a shareholder meeting to reassess their strategy.
- How to Spot the Market Bottom: Matt Maley has navigated every major market turn in the last 35 years, and on Wednesday, March 26, at 6 PM ET, he’s revealing how to recognize when the worst is over, the trades to make before the next bull market takes off, and the stocks and sectors that will lead the recovery.
Micromobility.com Inc. MCOM shares are trading lower by 49.6% to $0.22 Tuesday morning received a notice from Nasdaq stating its stock and warrants would be suspended due to not meeting minimum bid price and equity requirements.
Micromobility.com also postponed a shareholder meeting to reassess their strategy. The company might appeal but is considering delisting due to rising compliance costs.
The company is moving trading to OTC markets, aiming to maintain business operations while complying with SEC reporting standards. Delisting could impact stock liquidity and price.
See Also: Why ETAO International Stock Is Down 39%
According to data from Benzinga Pro, MCOM has a 52-week high of $54.60 and a 52-week low of $27.85.
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