Mobiquity Technologies, Inc 8-K, filed Jul 6, 2022
Mobiquity Technologies, Inc. (MOBQ)
About this 8-K
Mobiquity Technologies, Inc filed this 8-K on July 6, 2022, reporting on events of June 30, 2022.
Items reported
- Item 3.02: Unregistered sale of equity
| UNITED STATES |
| SECURITIES AND EXCHANGE COMMISSION |
| Washington, DC 20549 |
| FORM |
| CURRENT REPORT Pursuant |
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| Securities Exchange Act of 1934 |
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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):
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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.
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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. |
| By: /s/ Dean L. Julia | |
| Dean L. Julia, Chief Executive Officer |
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