Company: MFON
Filing Date: 2025-09-02
Form Type: 10-Q
Source: 0001641172-25-026202
Chunk: 6

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-09-02
Form: 10-Q
Item: Part II, Item 1A
Chunk 6
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uing Stockholders”) will remain stockholders of the Company
and, to the extent any Continuing Stockholder owns a number of pre-split shares that is greater than 25,000 but is not evenly divisible
by 25,000, then the fractional shares of such stockholder resulting from the proposed Reverse Stock Split would be cashed out at the
Cash Payment. The Company estimates that approximately 3,481,673 shares of the Company’s common stock (representing approximately
4.7% of the shares of common stock currently outstanding) would be cashed out in the Reverse Stock Split and the aggregate cost to the
Company of the Reverse Stock Split would be approximately $1,500,000. This amount includes approximately $1,009,685 needed to cash out
fractional shares that would otherwise result from the Reverse Stock Split in respect of Cashed Out Stockholders (and the Cash Payment
owed to certain Continuing Stockholders in lieu of fractional shares), and approximately $300,000 of legal, solicitation, filing, and
other costs needed to effect the Reverse Stock Split. This total amount could be larger or smaller depending on, among other things,
the number of fractional shares that will be outstanding after the Reverse Stock Split as a result of purchases, sales and other transfers
of our shares of common stock by our stockholders.

The
Reverse Stock Split will be submitted to a vote of the Company’s stockholders at a Special Meeting of Stockholders to be called
for that purpose. The Company has prepared and filed a preliminary proxy statement and Schedule 13e-3 with respect to the Reverse Stock
Split.

The
Special Committee may abandon the Reverse Stock Split at any time prior to the effectiveness of the Reverse Stock Split, even after stockholder
approval, if the Special Committee determines in its business judgment that the Reverse Stock Split is no longer in the best interests
of the Company and its stockholders.

Any
trading in our common stock (after the Reverse Stock Split and deregistration under the Exchange Act) will only occur in privately negotiated
sales and potentially on the OTC Pink Market, if one or more brokers chooses to make a market for our common stock there and complies
with applicable regulatory requirements; however, there can be no assurances regarding any such trading.

Stockholders
holding the Company’s common stock following the Reverse Stock Split and subsequent filing to become a non-reporting entity may
no longer have the information that is currently provided in the Company’s filings with the SEC pursuant to the