On January 13, 2023, Mobiquity Technologies,
Inc (the “Company”) received a letter from The Nasdaq Stock Market stating that the Company was not in compliance with Nasdaq
Listing Rule 5550(a)(2) because the closing bid price of the Company’s common stock was below $1.00 per share for 30 consecutive
business days. The notice has no immediate impact on the Company’s listing.
Pursuant to Nasdaq’s Listing Rules,
the Company has a 180 day grace period, until July 12, 2023, during which the Company may regain compliance if the bid price of its common
stock closes at $1.00 per share or more for a minimum of ten consecutive business days. The Company may be eligible for an additional
180-day grace period if the Company meets Nasdaq’s initi al listing standards (other than with respect to minimum bid price) for
The Nasdaq Capital Market.
The Company intends to actively monitor the
bid price for its common stock between now and July 12, 2023 and will consider available options to regain compliance with the Nasdaq
minimum bid price requirements.
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 13, 2023
MOBIQUITY TECHNOLOGIES, INC.
/s/ Dean L. Julia
Dean L. Julia, Chief Executive Officer
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