Certain Common Stock of Mobiquity Technologies, Inc. are subject to a Lock-Up Agreement Ending on 7-JUN-2022.
June 06, 2022
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Certain Common Stock of Mobiquity Technologies, Inc. are subject to a Lock-Up Agreement Ending on 7-JUN-2022. These Common Stock will be under lockup for 181 days starting from 8-DEC-2021 to 7-JUN-2022.
Details:
Each of directors, executive officers and substantially all holders of more than 5% of outstanding common stock as of the effective date of this registration statement, has entered into lock-up agreements with the representative prior to the commencement of this offering pursuant to which each of these persons or entities has agreed that, for a period ending 180 days after the date of this prospectus (subject to the Leak-Out Provisions, as applicable), none of them will, without the prior written consent of the Spartan Capital Securities, LLC (which may be withheld or delayed in the representative's sole discretion) Offer, pledge, announce the intention to sell, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, or file (or participate in the filing of) a registration statement with the Securities and Exchange Commission in respect of, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for shares of Common Stock (including without limitation, shares of Common Stock which may be deemed to be beneficially owned by the undersigned in accordance with the rules and regulations of the Securities and Exchange Commission and securities which may be issued upon exercise of a stock option or warrant); Enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences of ownership of the shares of, whether any such transaction is to be settled by delivery of shares of Common Stock or such other securities, in cash or otherwise; Make any demand for or exercise any right with respect to, the registration of any shares of Common Stock or any security convertible into or exercisable or exchangeable for shares of Common Stock; Publicly announce an intention to effect any transaction specified above.
Mobiquity Technologies, Inc. is a platform-as-a-service (PaaS) company for data and advertising. The Company operates through its software platforms in the programmatic advertising space. Its product solutions are comprised of three software platforms, which include advertising technology operating system (ATOS) platform, data intelligence platform, and publisher platform for monetization and compliance. ATOS platform blends artificial intelligence (AI) and machine learning (ML) based optimization technology for automatic ad serving that manages digital advertising inventory and campaigns. The data intelligence platform provides precise data and insights on consumersâ real-world behavior and trends for use in marketing and research. The publisher platform is a single-vendor ad tech operating system that allows publishers to better monetize their opt-in user data and advertising inventory. The platform includes tools for consent management, audience building, and inventory enhancement.