secwatch.observer — SEC 8-K summary
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Issuer:     Mobiquity Technologies, Inc. (MOBQ)
CIK:        0001084267
Form:       8-K
Filed at:   2021-09-24T23:59:59+00:00
Accession:  0001683168-21-004466
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mobiquity Tech raises $910K net via $1.125M 10% notes plus warrants with anti-dilution and registration rights
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- Issued 10% promissory notes with $1.125M principal to Talos Victory Fund and Blue Lake Partners, maturing Sept 20, 2022.
- Net proceeds of $910K after $112.5K OID and placement agent fees; funds for general operations.
- Warrants to purchase 56,250 shares at $10 (adjustable to 130% of uplist price); conversion price $5 (70% of uplist price if within 180 days).
- Company grants demand and piggy-back registration rights; must file resale registration statement within 45 days.
- Default triggers 125% principal acceleration plus 16% default interest; negative covenants limit further debt and asset sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084267/000168316821004466/0001683168-21-004466-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084267/000168316821004466/mobiquity_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-21-004466

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer