Mobiquity Technologies, Inc. Rings the Nasdaq Stock Market Closing Bell

Rhea-AI Summary

Mobiquity Technologies, Inc. (NASDAQ: MOBQ) recently celebrated its Nasdaq listing by ringing the closing bell on December 17, 2021. CEO Dean Julia stated that the company's successful $10.3 million public offering marks a significant growth milestone. The raised funds will enhance its growth initiatives, including expanding its workforce, acquiring digital media inventory, and advancing technology development.

The event reinforces Mobiquity's positioning in the next-generation advertising sector, with its focus on data and programmatic advertising.

Positive

• Successful completion of a $10.3 million public offering enhances growth prospects.
• Plans for workforce expansion and acquisition of digital media ad space inventory.
• Reinforced market positioning following Nasdaq listing.

Negative

• None.

NEW YORK, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Mobiquity Technologies, Inc.(NASDAQ: MOBQ) (the “Company”), a leading provider of next-generation advertising, today announced that Dean Julia chief executive officer of Mobiquity Technologies, rang the closing bell at Nasdaq MarketSite in New York's Times Square at 4:00 p.m. ET on Friday December 17, 2021.

Dean Julia, CEO of Mobiquity Technologies, commented, "We were honored to celebrate our Nasdaq listing by ringing the closing bell. The successful completion of our $10.3 million public offering was a significant milestone for the Company. With the funds raised, we are well positioned to advance our growth plans which include recruiting sales and support personnel, the purchase of digital media ad space inventory, and the expansion of our technology.”

A webcast of the NASDAQ Closing Bell is available at:

https://www.nasdaq.com/videos/mobiquity-technologies-inc.-rings-the-nasdaq-stock-market-closing-bell

About Mobiquity Technologies
Mobiquity Technologies, Inc. is a next generation, Platform-as-a-Service (PaaS) company for data and advertising. The Company maintains one of the largest audience databases available to advertisers and marketers through its data services division. Mobiquity Technologies’ Advangelists subsidiary (www.advangelists.com) provides programmatic advertising technologies and insights on consumer behavior. For more information, please visit: https://mobiquitytechnologies.com/

Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Mobiquity Technologies, Inc. Investor Relations
TraDigital IR
Kevin McGrath
+1-646-418-7002
kevin@tradigitalir.com    

FAQ

What significant event did Mobiquity Technologies announce on December 17, 2021?

Mobiquity Technologies announced their Nasdaq listing celebration by ringing the closing bell.

What amount was raised during Mobiquity Technologies' public offering?

Mobiquity Technologies raised $10.3 million during their public offering.

What are Mobiquity Technologies' plans after their recent public offering?

They plan to expand their workforce, purchase digital media ad space inventory, and advance their technology.

What stock symbols are associated with Mobiquity Technologies?

The stock symbols for Mobiquity Technologies are MOBQ and MOBQW.