Mobiquity Technologies, Inc. (OTCMKTS:MOBQ) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
See item 3.02 below.
| Item 3.02 | Unregistered Sale of Equity Securities |
On June 21, 2018, Mobiquity Technologies, Inc. (the “Company”) entered into a strategic investment transaction with Glen Eagles Acquisitions LP (“GEA”). As part of the strategic investment, the Company received 4,500,000 shares of Gopher Protocol Inc. common stock (traded in the OTC Market under the symbol “GOPH”) and cash in exchange for 150,000,000 shares of its restricted common stock. There was also an origination fee of 15,000,000 shares of its restricted common stock paid to GEA by the Company in connection with this transaction. There were no commissions or finder’s fees paid by the Company in connection with this transaction.
| Item 7.01. | Regulation FD Disclosure |
On June 25, 2018, the Company issued a press release, a copy of which is appended hereto.
| Item 9.01 | Financial Statements and Exhibits. |
| Exhibit | Description |
| 99.1 | Press release dated June 25, 2018. (Filed herewith.) |
Mobiquity Technologies, Inc. ExhibitEX-99.1 2 mobiquity_ex9901.htm PRESS RELEASE Exhibit 99.1 Investor Group Glen Eagles Acquisitions LP Makes Strategic Investment Into Mobiquity Technologies Glen Eagles Acquisitions LP Adds Mobiquity Technologies to its Portfolio of Companies focusing on IoT,…To view the full exhibit click here
About Mobiquity Technologies, Inc. (OTCMKTS:MOBQ)
Mobiquity Technologies, Inc. owns and operates a national location-based mobile advertising network. The Company’s suite of location-based mobile advertising technologies allows clients to execute personalized and contextually relevant experiences, driving brand awareness and incremental revenue. The Company operates through two segments: Ace Marketing and Promotions, Inc. and Mobiquity Networks, Inc. Ace Marketing and Promotions, Inc. captures branding and branded merchandise. Mobiquity Networks, Inc. represents the Company’s Mobil marketing. The Company has installed its location-based mobile advertising solutions in approximately 295 retail destinations across the United States. The Company’s Mobiquity hardware solution is deployed in retail locations to create the Mobiquity network. Its Mobiquity Platform allows for the use of multiple sensory devices, such as Bluetooth, wireless fidelity (Wi-Fi), Near Field Communication and Quick Response Codes.
