getmoreshares
9 months ago
key date 11/27 Trading of the Companyโs warrants and common stock on the Nasdaq Capital Market will be suspended at the open of business on November 17, 2023. The Company currently intends to file a Form 25 with the SEC on or about November 17, 2023, with the delisting of its common stock and warrants taking effect no earlier than ten days thereafter. The Companyโs financial statements, press releases, and other information will continue to be available on EDGAR at www.sec.gov and on its website at kubient.com.
The Company expects that its common stock will be quoted on the Pink Sheets, or another market operated by OTC Markets Group Inc. (the โOTCโ). The Company intends to continue providing information to its stockholders and taking actions within its control to facilitate the quoting of its common stock on the Pink Sheets or another OTC market, so that a trading market may continue to exist for its common stock. However, there is no guarantee that a broker will continue to make a market in the common stock or that trading of the common stock will continue on an OTC market or elsewhere.
StockLogistics
3 years ago
โii) If the 2022 Net Revenue for the MC Business exceeds Base Net Revenue (any such excess amount of Net Revenue is referred to herein as the โ2022 New Net Revenueโ) by the amount set forth in the left hand column of the following chart, then Seller shall be entitled to receive the number of shares of Buyer Common Stock designated in the right hand column of the following chart (such aggregate number of shares is referred to herein as the โNew Business Earnout Sharesโ; and together with the Base Business Earnout Shares, if any, the โEarnout Sharesโ):
2022 New Net Revenue
New Business Earnout Shares
$1,500,000 million
164,474
> $1,500,000 million but <$3 million
An amount equal to the sum of (i) 164,474, plus (ii) the product of 411,184, multiplied by a fraction the numerator of which is the amount of 2022 New Net Revenue in excess of $1,500,000 and the denominator of which is $1,500,000
$3 million or more
575,658
https://www.otcmarkets.com/filing/html?id=15400715&guid=RfSwkHUxZWc5Oth
โ
These terms negate the value of the deal for common shareholders imo
StockLogistics
3 years ago
โ4:30p ET 11/29/2021 - PR Newswire
Kubient Doubles Down on AI and Technology Offerings, Hires Mitchell Berg as Chief Technology Officer
Mentioned: KBNT
Kubient (NasdaqCM: KBNT, KBNTW) ("Kubient" or the "Company"), a cloud-based software platform for digital advertising, today announced ad-tech industry veteran, Mitchell Berg has joined as the Company's Chief Technology Officer ("CTO"). In this role, Berg will report directly to Paul Roberts, Founder, Chairman, CSO, and CEO.
https://mma.prnewswire.com/media/1227266/kubient_Logo.jpg
Berg adds more than 20 years of technology, engineering, and executive management experience to the Kubient team. Most recently, Berg served as CTO for Koddi, leading the product and technology teams to develop ad-tech products that enhance the company's marketplace offering. He held the same role at Vroom prior to their IPO, where he led the rebuild of the technology team to redesign and scale out the online car buying experience, including developing underlying technology required to advertise and market to prospective customers, and enhance data science and analytics functions. At Dailymotion, Berg architected and developed a new ad-tech platform to support the monetization of Dailymotion video content which included real-time ad serving and auction exchange. Throughout his industry tenure, Berg also held senior level roles at prominent ad-tech companies, such as IgnitionOne, Kikin and SEMPlest.
Under his leadership, Berg will further develop the Company vision for its technology offerings, including Kubient's flagship product, Kubient Artificial Intelligence ("KAI"), as well as work closely with the Company's data science team.
"This past year has certainly been a transformative year at Kubient and the driving force behind this progress stems from our C-Suite team," said Paul Roberts, Founder, Chairman, CSO, and CEO. "Mitch brings tremendous industry knowledge and experience in scaling advertising technology businesses and is an extremely valuable add to our team of seasoned leaders. Adding him to our executive bench propels us for further growth in 2022 as we look to continue enhancing the capabilities of our solutions."
Mitchell Berg, Kubient CTO added: "The ad-tech industry is experiencing a period of disruption and a company like Kubient is well-positioned to help brands, publishers, and agencies mitigate current issues in the advertising supply chain. Fraud is a serious threat that our industry is only now starting to prioritize and tackle. I'm eager to work with the incredible team Kubient has assembled to ensure advertising dollars are no longer wasted on fraudulent traffic."
In addition to Berg's professional qualifications, he holds a Master's Degree in Systems Engineering from the University of Virginia, a PhD in Industrial Engineering from the University of Pittsburgh, and an MBA in Technology Management from the University of Washington.
To learn more about Kubient visit www.kubient.com.
About KubientKubient is a technology company with a mission to transform the digital advertising industry to audience-based marketing. Kubient's next generation cloud-based infrastructure enables efficient marketplace liquidity for buyers and sellers of digital advertising. The Kubient Audience Cloud is a flexible open marketplace for advertisers and publishers to reach, monetize and connect their audiences. The Company's platform provides a transparent programmatic environment with proprietary artificial intelligence-powered pre-bid ad fraud prevention, and proprietary real-time bidding (RTB) marketplace automation for the digital out of home industry. The Audience Cloud is the solution for brands and publishers that demand transparency and the ability to reach audiences across all channels and ad formats. For additional information, please visit https://kubient.com.โ
StockLogistics
3 years ago
Alfi incโs new CEO is on the Kubient board of directors, merger/partnership etc. soon?
โOn October 22, 2021, the Board elected Peter Bordes, a current member of the Board, to serve as interim Chief Executive Officer. In connection therewith, Mr. Bordes will be the Company's principal executive officer. The Board will determine Mr. Bordes's compensation for serving in such position at a later date.
Mr. Bordes, age 58, is a lifelong entrepreneur with a 30 plus year career as a founder, CEO, investor and board member in private and public companies focused in media, ad tech, technology, finance and venture investing focused on disruptive innovation. Since March 2012, Mr. Bordes has been a managing partner at Trajectory Capital, investing in disruptive innovation driving global transformation from Seed thru IPO stages. From May 2019 to October 2020, Mr. Bordes was CEO of Kubient (NASDAQ:KBNT), a cloud advertising platform with artificial intelligence ad fraud prevention, that he led from a private company through an IPO, and he currently serves on Kubient's Board of Directors.โ
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