Mobiquity Technologies, Inc. Reports Converting Over $2 Million in Debt into Equity
April 04 2022 - 8:10AM
Mobiquity Technologies, Inc. (NASDAQ: MOBQ) (the “Company”), a
leading provider of next-generation advertising, today announced
that its Chairman, who is the Company’s Secured Lender, has
converted over $2 million of his secured indebtedness into equity
on terms specifically described in the Company’s Form 8-K, which
was filed with the Securities and Exchange Commission.
Dean L. Julia, Chief Executive Officer of the
Company, said, “We are very thankful to our Chairman and we are
thrilled to see him take the opportunity to convert his debt into
shares. I believe his conversion displays confidence in our ability
to execute the business plan and drive shareholder value going
forward. The conversion from debt to equity also strengthened our
balance sheet and created more shareholder value.”
About Mobiquity Technologies
Mobiquity Technologies, Inc. is a next generation,
Platform-as-a-Service (PaaS) company for data and advertising. The
Company maintains one of the largest audience databases available
to advertisers and marketers through its data services division.
Mobiquity Technologies’ Advangelists subsidiary
(www.advangelists.com) provides programmatic advertising
technologies and insights on consumer behavior. For more
information, please visit:
https://mobiquitytechnologies.com/
Safe Harbor Statement This
press release contains forward-looking statements. These statements
are made under the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Statements that are not
historical facts, including statements about the Company's beliefs
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties, and a number
of factors could cause actual results to differ materially from
those contained in any forward-looking statement. In some cases,
forward-looking statements can be identified by words or phrases
such as "may", "will," "expect," "anticipate," "target," "aim,"
"estimate," "intend," "plan," "believe," "potential," "continue,"
"is/are likely to" or other similar expressions. Further
information regarding these and other risks, uncertainties or
factors is included in the Company's filings with the SEC. All
information provided in this press release is as of the date of
this press release, and the Company does not undertake any duty to
update such information, except as required under applicable
law.
Mobiquity Technologies, Inc. Investor
Relations:
Columbia Marketing Group Email:
john@TheColumbiaMarketingGroup.com Phone: 646-736-1900
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