other material
confidence high
sentiment neutral
materiality 0.50
Insider converts Series C Preferred into 375K common shares and warrants at Mobiquity
Mobiquity Technologies, Inc.
- Dr. Gene Salkind and Catherine Salkind converted 1,500 Series C Preferred shares into 375,000 common shares.
- Warrants to purchase 375,000 common shares at $48 per share were also issued, expiring September 20, 2023.
- Exemption from registration claimed under Section 3(a)(9) of the Securities Act as an exchange without compensation.
- The conversion increases common shares outstanding and introduces potential dilution from exercisable warrants.