Mobiquity Chairman exchanges preferred shares for Series H convertible at $0.20; lawsuit dismissal granted

Mobiquity Technologies, Inc.

Chairman Gene Salkind & parties exchanged 300,789 Series G Preferred ($1.5M issuance value) for 751,730 Series H Preferred convertible into common at $0.20/share.
Series H auto-converts when common closes above $2.00 for 10 consecutive days or by Dec 31, 2026; no commissions paid.
Post-exchange, Salkind & associates own 8,068,265 common shares (70.7% of outstanding), excluding warrants.
Former Co-CEO Michael Trepeta's lawsuit dismissed; defendant's motion granted. He has right to appeal.

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