EVmo, Inc. announced that as previously reported in a current report on Form 8-K filed on June 9, 2023, EVmo, Inc. (the ?Company?), had entered into a letter of intent (the ?LOI?) to merge with micromobility.com, Inc. (?MCOM?). After months of negotiation between the parties, the Company and MCOM have jointly concluded that they cannot reach agreement on merger terms that would be acceptable to both parties. Accordingly, the parties have agreed to terminate their negotiations and allow the LOI to expire on its terms. In order to minimize use of any remaining cash resources, on September 25, 2023, Stephen M. Sanchez, chief executive officer (?CEO?) of the Company since February 2021, tendered his resignation, effective immediately.

Mr. Sanchez remains acting chairman of the Board of Directors of the Company (the ?Board?).