8-K
filed August 4, 2023, 7:59 PM ET
ticker MOBQ
CIK 0001084267
regulatory
confidence high
sentiment neutral
materiality 0.65
Mobiquity Technologies, Inc. (MOBQ): Nasdaq/NYSE listing notice — Mobiquity implements 1-for-15 reverse split; Nasdaq panel grants grace period for listing compliance
Mobiquity Technologies, Inc.
- Reverse stock split at 1-for-15 ratio effective August 7, 2023; shares trade under same symbol MOBQ.
- Nasdaq Hearing Panel granted extension to Oct 31, 2023 for bid price compliance ($1.00 for 10 days).
- Panel also granted extension to Nov 14, 2023 for shareholder equity requirement of $2.5 million.
- Post-split shares outstanding reduced from ~38.6M to ~2.6M (rounded up to avoid fractional shares).
- Warrants (MOBQW) adjusted: 15 warrants now exercisable for one share at $74.70 per share.
Key facts
Extracted from this filing and checked against the source text.
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.95
Mobiquity Technologies, Inc. received a nasdaq extension granted notice regarding stockholders equity.
- Exchange
- nasdaq
- Notice
- extension granted
- Deficiency
- stockholders equity
Exact text from the filing
July 31, 2023, Mobiquity Technologies, Inc (the “Company”) was notified that the Hearing Panel of The Nasdaq Stock Market has given a grace period until October 31,2023 to regain compliance of the bid price of its common stock closing at $1.00 per share or more for a minimum of ten consecutive business days and a grace period until November 14, 2023 to regain shareholder equity of at least $2.5 million. In order to meet the minimum bid requirement, we have filed a certificate of amendment to our restated certificate of incorporation to effectuate a reverse stock split of 1-for-15 shares of our
View on SEC.gov
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.95
Mobiquity Technologies, Inc. received a nasdaq extension granted notice regarding minimum bid price.
- Exchange
- nasdaq
- Notice
- extension granted
- Deficiency
- minimum bid price
Exact text from the filing
July 31, 2023, Mobiquity Technologies, Inc (the “Company”) was notified that the Hearing Panel of The Nasdaq Stock Market has given a grace period until October 31,2023 to regain compliance of the bid price of its common stock closing at $1.00 per share or more for a minimum of ten consecutive business days and a grace period until November 14, 2023 to regain shareholder equity of at least $2.5 million. In order to meet the minimum bid requirement, we have filed a certificate of amendment to our restated certificate of incorporation to effectuate a reverse stock split of 1-for-15 shares of our
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Mobiquity Technologies, Inc.: Effected a 1-for-15 reverse stock split via Certificate of Amendment to the Certificate of Incorporation (effective 2023-08-02).
- Change
- charter amendment
- Effective
- 2023-08-02
Exact text from the filing
On August 2, 2023, Mobiquity Technologies, Inc. (the “Company”) filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Certificate of Incorporation with the Secretary of State of the State of New York to effect a 1-for-15 reverse stock split (the “Reverse Stock Split”) of the outstanding shares of the Company’s Common Stock, par value $0.0001 per share (the “Common Stock”).
View on SEC.gov
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