other material
confidence high
sentiment positive
materiality 0.60
Mobiquity raises $1.5M in Series G preferred stock from Chairman and affiliates
Mobiquity Technologies, Inc.
- Cash proceeds of $1,200,000 plus conversion of $303,495 in principal and interest from October 2023 loan.
- 300,789 shares of Series G Preferred Stock issued at $5.00 per share (converts to 10 common shares at $0.50 per share).
- Automatic conversion triggered if common stock closes above $5.00 for 10 consecutive trading days.
- Sale was made directly to Chairman Gene Salkind and associated parties; no commissions paid.
- Exemption from registration claimed under Section 4(2) of the Securities Act.