Current Report Filing (8-k)
July 06 2022 - 9:45AM
Edgar (US Regulatory)
0001084267
false
0001084267
2022-06-30
2022-06-30
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES |
SECURITIES AND EXCHANGE COMMISSION |
Washington, DC 20549 |
|
FORM 8-K |
CURRENT REPORT Pursuant |
to Section 13 or 15(d) of the |
Securities Exchange Act of 1934 |
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Date of report (Date of earliest event reported): June
30, 2022 |
MOBIQUITY
TECHNOLOGIES, INC.
(Exact Name of Registrant
as Specified in Its Charter)
New York |
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001-41117 |
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11-3427886 |
(State or Other Jurisdiction of Incorporation or Organization) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
35 Torrington Lane
Shoreham, New York |
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11786 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrant’s Telephone Number, Including
Area Code: (516) 246-9422
(Former Name or Former
Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). |
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Emerging growth company ☐ |
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If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b)
of the Act: Common Stock, $0.0001 par value per share; Common Stock Purchase Warrants. |
Item 3.02. |
Unregistered Sales of Equity Securities. |
On June 30, 2022,
Dr. Salkind and his wife converted their secured principal debt in the amount of $510,000 at a conversion price of $1.25 per share.
A total of 408,000 restricted common shares were issued and per his loan agreement, the Company issued warrants to purchase 204,000
additional restricted common shares at an exercise price of $4.00 per share through September 2029. No commissions were paid in
connection with this transaction which is exempt under Section 3 (a) (9) of the Securities Act of 1934, as amended.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: July 6, 2022 |
MOBIQUITY TECHNOLOGIES, INC. |
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By: /s/ Dean L. Julia |
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Dean L. Julia, Chief Executive Officer |
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