The following excerpt is from the company's SEC filing.
Over $2 Million in Debt into Equity
New York, NY /April 4,
2022
– Mobiquity Technologies, Inc. (NASDAQ: MOBQ) (the “Company”), a leading provider of next-generation advertising,
today announced that its Chairman, who is the Company’s Secured Lender, has converted over $2 million of his secured indebtedness
into equity on terms specifically described in the Company’s Form 8-K, which was filed with the Securities and Exchange Commission.
Dean L. Julia, Chief Executive
Officer of the Company, said, “We are very thankful to our Chairman and we are thrilled to see him take the opportunity to converthis debt into shares. I believe his conversion displays confidence in our ability to execute the business plan and drive shareholder value
going forward. The conversion from debt to equity also strengthened our balance sheet and created more shareholder value.”
About Mobiquity Technologies
Mobiquity Technologies, Inc. is a next generation,
Platform-as-a-Service (PaaS) company for data and advertising. The Company maintains one of the largest audience databases available to
advertisers and marketers through its data services division. Mobiquity Technologies’ Advangelists subsidiary (www.advangelists.com)
provides programmatic advertising technologies and insights on consumer behavior. For more information, please visit: https://mobiquitytechnologies.com/
Safe Harbor Statement
This press release contains forward-looking statements.
These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements
that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those
contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may",
"will," "expect," "anticipate," "target," "aim," "estimate," "intend,"
"plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions.
Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information
provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information,
except as required under applicable law.
Mobiquity Technologies, Inc. Investor Relations:
Columbia Marketing Group
Email: john@TheColumbiaMarketingGroup.com
Phone: 646-736-1900
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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