secwatch.observer — SEC 8-K summary
======================================

Issuer:     Mobiquity Technologies, Inc. (MOBQ)
CIK:        0001084267
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001683168-23-001031
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mobiquity Technologies closes $3.75M public offering; shares and warrants priced at $0.465
--------------------------------------------------------------------------------

- Gross proceeds of $3.75M from offering of 8,064,517 shares/pre-funded warrants and Series 2023 Warrants for 12,096,776 shares.
- Net proceeds to company approximately $2.95M after underwriting discounts and expenses.
- Proceeds to be used to expand product offerings and enhance AI technology.
- Underwriter: Spartan Capital Securities; offering closed on February 16, 2023.
- Series 2023 Warrants exercisable for five years at $0.465 per 1.5 shares, with alternative cashless exercise trigger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084267/000168316823001031/0001683168-23-001031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084267/000168316823001031/mobiquity_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-001031

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