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8-K: Current report

SEC announcement ·  May 29 10:36
Summary by Futu AI
Mobiquity Technologies, Inc., a leading provider of data intelligence and advertising technology, has announced a strategic collaboration with MW Political to deliver advanced political advertising solutions. The partnership will focus on leveraging political data and advertisements across Connected TV and Over-The-Top platforms. This collaboration is expected to generate substantial business opportunities, with plans to launch new political advertising campaigns valued at an estimated $7 million over the next four years, starting mid-July 2024. Additionally, a $5 million budget has been allocated by a Political Action Committee for this year's electoral campaigns in two key states, with 60-70% directed towards Mobiquity’s digital efforts beginning in June 2024. Mobiquity Technologies' CEO, Dean Julia, expressed enthusiasm for the future prospects of this partnership...Show More
Mobiquity Technologies, Inc., a leading provider of data intelligence and advertising technology, has announced a strategic collaboration with MW Political to deliver advanced political advertising solutions. The partnership will focus on leveraging political data and advertisements across Connected TV and Over-The-Top platforms. This collaboration is expected to generate substantial business opportunities, with plans to launch new political advertising campaigns valued at an estimated $7 million over the next four years, starting mid-July 2024. Additionally, a $5 million budget has been allocated by a Political Action Committee for this year's electoral campaigns in two key states, with 60-70% directed towards Mobiquity’s digital efforts beginning in June 2024. Mobiquity Technologies' CEO, Dean Julia, expressed enthusiasm for the future prospects of this partnership. The company remains committed to innovation in the digital advertising space, particularly within the political arena. In the same week, Mobiquity Technologies raised $400,000 through the issuance of 800,000 shares of common stock to accredited investors, increasing the total outstanding shares to 6,590,260. The company also issued a press release on May 22, 2024, which is attached as Exhibit 99.1 to their current SEC report.

This announcement is a separate document:

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