Gene Salkind, a major owner of Mobiquity Technologies, Inc. and a director of the company, just received 35,000 options from the company. The strike price of the options received was $4.57, and these expire on December 08, 2031. Salkind now owns at least 1,422,500 options on the company.
Some additional info was provided as follows:
1,422,500 derivative securities include the following: (i) 675,000 shares underlying $2.7 million of debt, convertible at $4.00 per share with 50% warrant coverage (i.e. 337,500 warrants, exercisable at $4.00 per share through September 30, 2029, if and when issued); (ii) 375,000 common stock purchase warrants exercisable at $48 per share through September 20, 2023; and (iii) options to purchase 35,000 shares gr anted on December 8, 2021, which options necessitated this filing.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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