Mobiquity Technologies will sell common stock through public offering

Deal funds hardware, installation costs of proximity marketing devices

By Devika Patel

Knoxville, Tenn., Jan. 2 – Mobiquity Technologies, Inc. will price a public offering of common stock with a 30-day greenshoe, according to a Form S-1 filed Friday with the Securities and Exchange Commission.

National Securities Corp. is the bookrunning manager.

Proceeds will be used for hardware and installation costs of proximity marketing devices, to hire personnel for sales and marketing and human resources, for Mobiquity mall network rent, working capital and other general corporate purposes.

The marketing company is based in Garden City, N.Y.

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