---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-005037"
form_type: "8-K"
ticker: "MOBQ"
cik: "0001084267"
company_name: "Mobiquity Technologies, Inc."
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T04:47:07.891968+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Mobiquity shareholders approve reverse stock split to meet Nasdaq minimum bid price

## Summary
- Reverse split proposal passed with 57,308,062 votes in favor, 20,304,193 against, 4,547,955 broker non-votes.
- Series F Preferred Stock cast 51,687,254 votes for and 18,312,746 against the reverse split proposal.
- Auditor Assurance Dimensions ratified for 2023 with 10,335,149 in favor, 1,802,283 against, 36,865 abstain.
- Board granted discretionary authority to amend charter for reverse split to comply with NasdaqCM Listing Rule 5550(a)(2).
- Split intended to raise stock price above $1.00 to avoid delisting; timing and ratio at board's discretion.

## SEC filing metadata
- accession: 0001683168-23-005037
- form_type: 8-K
- ticker: MOBQ
- cik: 0001084267
- company_name: Mobiquity Technologies, Inc.
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1084267/000168316823005037/0001683168-23-005037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084267/000168316823005037/mobiquity_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-005037
- JSON: https://secwatch.observer/filing/0001683168-23-005037.json
- Plain text: https://secwatch.observer/filing/0001683168-23-005037.txt

## Key facts
- Shareholder Votes
  Mobiquity Technologies, Inc. shareholders approved Ratification of Assurance Dimensions, Inc. as the Company’s independent registered public accounting firm for the year ending December 31, 2023 at the 2023-07-21 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-07-21
  source text: Proposal 2: The Company’s stockholders ratified the appointment of Assurance Dimensions, Inc. as the Company’s independent registered public accounting firm for the year ending December 31, 2023, by the following vote: Number of Votes Cast in Favor Number of Votes Cast Against Number of Votes Abstain 10,335,149 1,802,283 36,865
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084267/000168316823005037/0001683168-23-005037-index.htm
- Shareholder Votes
  Mobiquity Technologies, Inc. shareholders approved Granting the Board of Directors discretionary authority to amend the Company’s Restated Certificate of Incorporation to effect a reverse stock split of the Company’s common stock for the purpose of meeting the NasdaqCM Listing Rule 5550(a)(2) minimum price for continued listing of at least $1.00 per at the 2023-07-21 meeting.
  - Proposal: reverse split
  - Outcome: passed
  - Meeting: 2023-07-21
  source text: Proposal 1: The Company’s stockholders granted the Board of Directors discretionary authority to amend the Company’s Restated Certificate of Incorporation to effect a reverse stock split of the Company’s common stock for the purpose of meeting the NasdaqCM Listing Rule 5550(a)(2) minimum price for continued listing of at least $1.00 per share. The affirmative vote of a majority of all the Company’s shares of voting capital stock issued and outstanding (as opposed to a majority of the shares present at the meeting in person or by proxy) was required to approve this proposal. The vote of the shares that were present on proposal 1 was as follows: Common stock Number of Votes Cast in Favor Number of Votes Cast Against Number of Votes Abstain Broker Non-Vote 5,620,808 1,991,447 14,087 4,547,955 Series F Preferred Stock Number of Votes Cast in Favor Number of Votes Cast Against 51,687,254 18,312,746 Combined voting capital Stock Number of Votes Cast in Favor Number of Votes Cast Against Numb
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084267/000168316823005037/0001683168-23-005037-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.