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TickerMCOM
SectorAuto - Recreational Vehicles
Mkt cap$646K
EV / EBITDA0.3×
PostureRestatement Risk
Composite98/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1788841

micromobility.com, Inc

MCOMRESTATEMENT RISKFILING INTENSITY

micromobility.com, Inc reads as Restatement Risk (composite 98/100); pressure / disclosure signals dominate the posture this cycle · primary market Automotive.

Lens

Disclosed M&A capital (2023–2025)

N/A

−99%

vs N/A in 2020–2022

Disclosed transactions

N/A

flat

0/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

98

/100

Restatement Risk dominates · Filing Intensity

Financial snapshot
Revenue$838K
EBITDA$2M
Enterprise value$631K
EV / Revenue0.8×
EV / EBITDA0.3×
P/EN/A
Cash$15K
Total debt$278K
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

4/100

Companies actively deploying disclosed capital into M&A

  • $2M disclosed buyer spend

Buyer Cadence

16/100

Buyer-side companies with recent filing activity

  • 119 8-Ks

Target Probability

0/100

Issuers showing target-side patterns from filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

Pressure Watch

10/100

Issuers facing activism, governance, or control pressure

Distress Watch

37/100

Issuers showing financial-distress filing patterns

  • 10-Q 209d stale
  • 10-K 420d stale

Restatement Risk

Dominant
98/100

Issuers with accounting-integrity flags from filings

  • 2 non-reliance 8-Ks
  • 1 auditor change
  • 10 NT late filings
  • Latest event 2mo ago

Capital Velocity

62/100

Issuers with the highest filing-activity intensity

  • 119 8-Ks
  • 4 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $600K
  • 10-Q 209d ago
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $2M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
2024N/AN/AN/AN/A
2023N/AN/AN/AN/A
2022N/A$2MN/AN/A
2021N/AN/AN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Horizontal Consolidation
    33%
  • Platform
    33%
  • Geographic Expansion
    33%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • horizontal_consolidation
  • platform
  • geographic_expansion
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

We expect to favor opportunities with certain industry and business characteristics such as compelling long-term growth prospects, attractive competitive dynamics, consolidation opportunities, leading technological position and strong management.

10-KFY2020

Our objective is to generate an attractive return for stockholders through a merger with an industry leader with a strong growth record and growth potential.

10-KFY2020

In pursuing our acquisition strategy, we may seek to effectuate our initial business combination with a privately held company. By definition, very little public information generally exists about private companies, and we could be required to make our decision on whether to pursue a potential initial business combination on the basis of limited information, which may result in a business combination with a company that is not as profitable as we suspected, if at all.

10-KFY2021
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Automotive

Market spend (2023–2025)
$12.1B
Market spend (2020–2022)
$19.2B
Recent vs prior
−37%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

0.3×EV / EBITDA

MCOM trades at a -9.3-turn discount to the Automotive peer median of 9.6×.

EV / Revenue
0.8×
Net debt / EBITDA
0.1×
Peer median EV / EBITDA
9.6×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
14.4×3.9×4.0×$3.7B$2.7B
12.2×1.3×0.4×$5.5B$136M
9.6×0.9×-1.6×$20.7B$42M
9.2×1.0×1.8×$4.2B$159M
8.1×0.5×1.1×$9.9B$14M
micromobility.com, IncMCOM
0.3×0.8×0.1×$838KN/A

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Automotive. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)72025-04-15
  • 10-Q (quarterly)202025-11-12
  • 8-K (event)1192025-10-24
  • Proxy / DEF 14A572023-10-23
  • Activism (13D / DFAN / PREC)0N/A

Signals on file

  • critical

    Non-reliance disclosure

    2021-06-02

    2 Item 4.02 filings on file; financial-statement non-reliance.

  • elevated

    Auditor change

    2025-04-30

    1 Item 4.01 filing on file; certifying accountant change.

  • watch

    Late-filing notice

    2026-03-31

    10 NT 10-K/10-Q filings on file.

  • info

    Signal

    10-K strategy themes

  • info

    Signal

    Restatement risk

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

micromobility.com, Inc: Issuer Brief | SE-Cluster