MOBQ - Mobiquity Technologies share slips on pricing of $3.75M public offering

• Mobiquity Technologies ( NASDAQ: MOBQ ) to raise $3.75M in an underwritten public offering of securities.
• The offering is comprised of 8,064,517 shares of common stock and/or pre-funded warrants in lieu of shares, plus Series 2023 Warrants to purchase 12,096,776 shares of common stock, priced at $0.465/combination of one share of common stock or pre-funded warrant, and one Series 2023 Warrant.
• The pre-funded warrants are issuable to purchasers in lieu of shares of common stock that would otherwise result in such purchaser’s beneficial ownership exceeding 4.99% (or, at the election of the purchaser, 9.99%) of our outstanding common stock, if any such purchaser so chooses.

• Each pre-funded warrant is exercisable at any time to purchase one share of common stock at an exercise price of $0.0001/share.

• Each Series 2023 Warrant is exercisable for five years to purchase 1.5 shares of common stock at an exercise price of $0.465/1.5 shares.

• The Series 2023 Warrants also have an alternative cashless exercise permitting the holder to acquire 0.75 shares for each 1.5 shares any time after the earlier of (i) 30 days following the date of the underwriting agreement, and (ii) the date on which the aggregate trading volume of the company's common stock beginning on the initial exercise date of the Series 2023 Warrants exceeds 36,290,322 shares.

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