secwatch.observer — SEC 8-K summary
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Issuer:     Mobiquity Technologies, Inc. (MOBQ)
CIK:        0001084267
Form:       8-K
Filed at:   2023-12-22T23:59:59+00:00
Accession:  0001683168-23-009069
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 3.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084267/000168316823009069/0001683168-23-009069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084267/000168316823009069/mobiquity_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-009069

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