secwatch.observer — SEC 8-K summary
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Issuer:     Mobiquity Technologies, Inc. (MOBQ)
CIK:        0001084267
Form:       8-K
Filed at:   2022-04-04T23:59:59+00:00
Accession:  0001683168-22-002299
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 3.02, 5.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mobiquity converts $2.05M debt to equity at $1.50/sh; Chairman's ownership rises to 40.6%
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- Converted $2,052,500 of secured debt held by Chairman Salkind into 1,368,333 restricted shares at $1.50/sh, replacing $4.00 conversion.
- Also issued warrants to purchase 684,166 additional shares at $4.00 through Sept 2029.
- Salkind's beneficial ownership increases from 28.6% to 40.6%, triggering a change in control.
- Purpose was to add $2.05M to equity to ensure NASDAQ continued listing compliance.
- No commissions paid; exempt under Section 3(a)(9) of Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084267/000168316822002299/0001683168-22-002299-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084267/000168316822002299/mobiquity_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-002299

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