share_log

Mobiquity Technologies | 8-K: Current report

SEC announcement ·  Jan 3 13:00
Summary by Futu AI
Mobiquity Technologies, Inc., a company incorporated in New York, reported on January 3, 2024, that it had filed an amendment to its Certificate of Incorporation on December 28, 2023. The amendment pertains to the designation of the rights and preferences of its 770,000 shares of Series H Preferred Stock. According to the filing, each share of Series H Preferred Stock is convertible into ten shares of the company's Common Stock at $0.20 per Common Share. This conversion can occur at any time after issuance at the discretion of the Preferred Shareholders. Additionally, the Series H Preferred Stock will automatically convert at the same ratio if the company's Common Stock reaches a closing sales price of over $2.00 per share for ten consecutive trading days or by December 31, 2026, whichever comes first. The detailed rights, preferences, and privileges of the Series H Preferred Stock are outlined in exhibit 3.1 of the report.
Mobiquity Technologies, Inc., a company incorporated in New York, reported on January 3, 2024, that it had filed an amendment to its Certificate of Incorporation on December 28, 2023. The amendment pertains to the designation of the rights and preferences of its 770,000 shares of Series H Preferred Stock. According to the filing, each share of Series H Preferred Stock is convertible into ten shares of the company's Common Stock at $0.20 per Common Share. This conversion can occur at any time after issuance at the discretion of the Preferred Shareholders. Additionally, the Series H Preferred Stock will automatically convert at the same ratio if the company's Common Stock reaches a closing sales price of over $2.00 per share for ten consecutive trading days or by December 31, 2026, whichever comes first. The detailed rights, preferences, and privileges of the Series H Preferred Stock are outlined in exhibit 3.1 of the report.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.