secwatch.observer — SEC 8-K summary
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Issuer:     Mobiquity Technologies, Inc. (MOBQ)
CIK:        0001084267
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001683168-23-007929
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Mobiquity raises $1.5M in Series G preferred stock from Chairman and affiliates
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084267/000168316823007929/0001683168-23-007929-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084267/000168316823007929/mobiquity_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-007929

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