Summary by Moomoo AI
Mobiquity Technologies announced the successful completion of an oversubscribed offering, raising $1.037 million, with $435,000 in cash raised since their last filing from accredited investors. The total number of outstanding common shares has reached 7,447,816.On June 27, 2024, the company converted demand promissory notes worth $187,000 into convertible notes due December 31, 2024. The total convertible notes amount to $212,000, including principal and original issue discount, plus an additional $25,000 in convertible notes for legal services. These notes are convertible at $0.50 per share, with Chairman Dr. Salkind holding $160,000 of the convertible notes.
