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home / news releases / MOBQ - Mobiquity Technologies prices $3M stock offering shares fall 29%

MOBQ - Mobiquity Technologies prices $3M stock offering shares fall 29%

Mobiquity Technologies Inc.

2023-06-29 09:54:34 ET

  • Mobiquity Technologies ( NASDAQ: MOBQ ) said Thursday it priced its public offering of 30M shares at an effective price of $0.10/share for gross proceeds of ~$3M, sending its stock down 29% .
  • The company plans to allocate up to $1.4M of the proceeds to pay off secured debt and use the remaining for working capital.
  • The closing of the offering is expected on or about June 30.

For further details see:

Mobiquity Technologies prices $3M stock offering, shares fall 29%
Stock Information
Company Name: Mobiquity Technologies Inc.
Stock Symbol: MOBQ
Market: OTC
Website: mobiquitytechnologies.com
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