8-K
Mobiquity Technologies, Inc. (MOBQ)
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
Date of report (Date of earliest event reported): December14, 2022
MOBIQUITY
TECHNOLOGIES, INC.
(Exact Name of Registrant as Specified in Its Charter)
| New York | 001-41117 | 11-3427886 |
|---|---|---|
| (State or Other Jurisdiction of<br><br> <br>Incorporation or Organization) | (Commission File Number) | (IRS Employer Identification No.) |
| 35 Torrington Lane<br><br> <br>Shoreham, New York | 11786 | |
| --- | --- | |
| (Address of Principal Executive Offices) | (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) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| 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). | |
| --- | |
| Emerging growth company ☐ | |
| If an emerging growth company, indicate by<br>check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting<br>standards provided pursuant to Section 13(a) of the Exchange Act.<br><br> <br><br><br> <br>Securities registered pursuant to Section 12(b)<br> of the Act: Common Stock, $0.0001 par value per share; Common Stock Purchase Warrants. |
Section 3 – Securities and TradingMarket
Item 3.01 Notice of Delisting or Failureto Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
| (a) | On December 14, 2022, we received a deficiency letter from the Listing Qualifications Department of The<br>Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company of its noncompliance with the Nasdaq Listing Rule 5550(b)(1) for<br>the Nasdaq Capital Market, which requires that a listed company’s stockholders’ equity be at least $2.5 million. In accordance<br>with Nasdaq rules, the Company has 45 calendar days from the date of the notification to submit a plan to regain compliance with Nasdaq<br>Listing Rule 5550(b)(1). The Company intends to submit a compliance plan within 45 days of the date of the notification and will evaluate<br>available options to resolve the deficiency and regain compliance. If the Company’s compliance plan is accepted, the Company may<br>be granted up to 180 calendar days from December 14, 2022 to evidence compliance. |
|---|---|
| The notice has no immediate impact on the Company’s listing or trading on Nasdaq. |
| 3 |
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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: December 21, 2022 | MOBIQUITY TECHNOLOGIES, INC. |
|---|---|
| By: /s/ Dean L. Julia | |
| Dean L. Julia, Chief Executive Officer |
| 4 |
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