Mobiquity Technologies Amends Bylaws, Changes Fiscal Year
Ticker: MOBQW · Form: 8-K · Filed: Jan 3, 2024 · CIK: 1084267
| Field | Detail |
|---|---|
| Company | Mobiquity Technologies, Inc. (MOBQW) |
| Form Type | 8-K |
| Filed Date | Jan 3, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $0.20, $2.00 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, fiscal-year-change, bylaws-amendment
TL;DR
**Mobiquity Technologies just changed its bylaws and fiscal year, watch for details on what this means for the company.**
AI Summary
Mobiquity Technologies, Inc. filed an 8-K on January 3, 2024, reporting an event on December 28, 2023, related to amendments to its Articles of Incorporation or Bylaws and a change in its fiscal year. This filing indicates potential structural or operational shifts within the company, which could impact its financial reporting schedule and corporate governance. Investors should monitor for further details on these amendments as they could signal strategic changes or efforts to improve financial transparency and operational efficiency.
Why It Matters
This filing signals potential changes in Mobiquity Technologies' corporate governance or financial reporting, which could affect how investors analyze its performance and future prospects.
Risk Assessment
Risk Level: medium — While not inherently negative, changes to bylaws and fiscal year can sometimes precede significant corporate actions or financial restatements, introducing uncertainty.
Analyst Insight
A smart investor would monitor Mobiquity Technologies, Inc. for subsequent filings (like 10-K or 10-Q) that detail the specific amendments to the Articles of Incorporation or Bylaws and the implications of the fiscal year change, as these could impact future financial reporting and corporate governance.
Key Players & Entities
- Mobiquity Technologies, Inc. (company) — the registrant filing the 8-K
- December 28, 2023 (date) — date of the earliest event reported
- January 3, 2024 (date) — date the 8-K was filed
- New York (company) — state of incorporation for Mobiquity Technologies, Inc.
- 001-41117 (company) — Commission File Number for Mobiquity Technologies, Inc.
FAQ
What specific items were reported in this 8-K filing by Mobiquity Technologies, Inc.?
The 8-K filing by Mobiquity Technologies, Inc. reported 'Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year' and 'Financial Statements and Exhibits' under Item Information.
What was the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing was December 28, 2023.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on January 3, 2024, as indicated by the 'FILED AS OF DATE'.
What is the current fiscal year end for Mobiquity Technologies, Inc. as per the filing?
The current fiscal year end for Mobiquity Technologies, Inc. is December 31, as stated under 'FISCAL YEAR END: 1231'.
What is the business address and phone number of Mobiquity Technologies, Inc.?
The business address of Mobiquity Technologies, Inc. is 35 Torrington Lane, Shoreham, New York 11786, and its business phone number is (516) 256-7766, with the registrant's telephone number also listed as (516) 246-9422.
Filing Stats: 514 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-01-03 17:00:13
Key Financial Figures
- $0.0001 — Section 12(b) of the Act: Common Stock, $0.0001 par value per share; Common Stock Purch
- $0.20 — hares of the Company's Common Stock, or $0.20 per Common Share (Conversion Ratio). Th
- $2.00 — reporting of a closing sales price over $2.00 per share for ten (10) consecutive trad
Filing Documents
- mobiquity_8k.htm (8-K) — 26KB
- mobiquity_ex0301.htm (EX-3.1) — 46KB
- 0001683168-24-000048.txt ( ) — 244KB
- mobq-20231228.xsd (EX-101.SCH) — 3KB
- mobq-20231228_lab.xml (EX-101.LAB) — 33KB
- mobq-20231228_pre.xml (EX-101.PRE) — 22KB
- mobiquity_8k_htm.xml (XML) — 3KB
03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On December 28, 2023, the Company filed an amendment to its Certificate of Incorporation designating the rights and preferences of its 770,000 shares of Series H Preferred Stock. Each share of the Series H Preferred Stock is convertible by the Preferred Shareholders at any time after issuance into ten (10) shares of the Company's Common Stock, or $0.20 per Common Share (Conversion Ratio). The Series H Preferred Stock will automatically convert at the same Conversion Ratio upon the Company's Common Stock reporting of a closing sales price over $2.00 per share for ten (10) consecutive trading days or on December 31, 2026, whichever is earlier. For a complete description of the rights, preferences and privileges of the Series H Preferred Stock, reference is made to exhibit 3.1 below.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 3.1 Amendment to Certificate of Incorporation (filed herewith) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
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: January 3, 2024 MOBIQUITY TECHNOLOGIES, INC. By: /s/ Dean L. Julia Dean L. Julia, Chief Executive Officer 3