Mobiquity Technologies Files 8-K/A Amendment

TL;DR

Mobiquity Tech filed an amendment to fix a mistake on their equity sales filing from June 27.

AI Summary

Mobiquity Technologies, Inc. filed an 8-K/A amendment on July 3, 2024, to correct information regarding unregistered sales of equity securities that occurred on June 27, 2024. The amendment clarifies details related to these transactions, which were initially reported incorrectly.

Why It Matters

This amendment indicates a correction to previously filed information, suggesting a need for greater accuracy in reporting securities transactions.

Risk Assessment

Risk Level: low — This is a routine amendment to correct previously filed information, not indicative of new material risks.

Key Players & Entities

• Mobiquity Technologies, Inc. (company) — Registrant
• June 27, 2024 (date) — Date of earliest event reported
• July 3, 2024 (date) — Filing date of the amendment

FAQ

Key Financial Figures

• $0.0001 — Section 12(b) of the Act: Common Stock, $0.0001 par value per share; Common Stock Purch
• $187,000 — promissory notes issued in exchange for $187,000 cash into convertible notes due Decembe
• $212,000 — December 31, 2024. These notes totaling $212,000 (plus an additional $25,000 in converti
• $25,000 — s totaling $212,000 (plus an additional $25,000 in convertible notes also due December
• $160,000 — Salkind, Chairman of the Company, owns $160,000 of these convertible notes. On May 31,
• $1,037,000 — hat the Offering was over subscribed at $1,037,000, with $435,000 in cash raised since our
• $435,000 — was over subscribed at $1,037,000, with $435,000 in cash raised since our last filing fr

Filing Documents

• mobiquity_8ka1.htm (8-K/A) — 24KB
• 0001683168-24-004651.txt ( ) — 189KB
• mobq-20240627.xsd (EX-101.SCH) — 3KB
• mobq-20240627_lab.xml (EX-101.LAB) — 33KB
• mobq-20240627_pre.xml (EX-101.PRE) — 22KB
• mobiquity_8ka1_htm.xml (XML) — 3KB

02

Item 3.02 Unregistered Sales of Equity Securities On June 27, 2024, the Company converted demand promissory notes issued in exchange for $187,000 cash into convertible notes due December 31, 2024. These notes totaling $212,000 (plus an additional $25,000 in convertible notes also due December 31, 2024 issued in exchange for legal services) inclusive of principal and original issue discount are convertible at the option of the holder at $.50 per share. Dr Salkind, Chairman of the Company, owns $160,000 of these convertible notes. On May 31, 2024, we filed a Form D seeking to raise an estimated one million dollars on terms described in our Form 10-Q filed on May 20, 2024. We are pleased to report that the Offering was over subscribed at $1,037,000, with $435,000 in cash raised since our last filing from various accredited investors, bringing the total number of outstanding common shares to 7,447,816. Exemption from registration for the aforementioned transactions is claimed under Rule 506, Section 4(2) /or Section 3(a) (9) of the Securities Act of 1933, as amended. There were no commissions paid in conjunction with the aforementioned transactions.

SIGNATURES

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 3, 2024 MOBIQUITY TECHNOLOGIES, INC. By: /s/ Dean L. Julia Dean L. Julia, Chief Executive Officer 2

View Full Filing

View this 8-K/A filing on SEC EDGAR