Company: MFON
Filing Date: 2025-08-01
Form Type: PRE 14A
Source: 0001140361-25-028385
Chunk: 43

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-08-01
Form: PRE 14A
Chunk 43
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 with respect to any post-split fractional shares that would otherwise be held by such Continuing Stockholders), professional fees and other expenses will total approximately $1,500,000. The consideration to be paid to the Cashed Out Stockholders and the costs of the Reverse Stock Split will be paid from cash on hand. As a result, immediately after the Reverse Stock Split, we will have less cash on hand than we would have had if the Reverse Stock Split did not occur. See “Special Factors — Source of Funds and Expenses” beginning on page34. |

| • | Filing Requirements Potentially Reinstituted. The filing of the Form 15 will result in the suspension and not the termination of our filing obligations under the Exchange Act. This suspension will remain in effect so long as we have fewer than 300 stockholders of record. Thus, subsequent to the time the Form 15 becomes effective, if on the first day of any fiscal year we have more than 300 stockholders of record, then we must resume reporting pursuant to Section 15(d) of the Exchange Act. |

| • | Board Composition. After the completion of the Reverse Stock Split, we may reduce the number of persons serving on our board of directors, subject to the requirements of our articles of incorporation and bylaws. In addition, while our bylaws currently require that at least a majority of members of the Board be independent directors, after giving effect to the Reverse Stock Split, that provision could be eliminated by amendment to our bylaws, by either a vote of the Board or a majority of our stockholders. |

See “ Special Factors — Effects of the Reverse Stock Split.” Procedural Fairness. The Board established the Special Committee to consider and evaluate, among other things, whether such a deregistration/delisting transaction, or so-called “going dark” transaction, would be advisable or appropriate, and, if so, to evaluate the specific terms of such a transaction and, if deemed appropriate, to approve the Reverse Stock Split. In connection with its mandate, the Special Committee was subject to no restrictions and was authorized to explore additional potential transactions and transaction structures and to reject any particular transaction or structure proposed by the Company management. The Special Committee was authorized to hire financial and legal advisors as it saw fit. The Board believes that the Special Committee, whose members are each independent within the meaning of the applicable corporate governance listing standards of Section 10A-3(b) of the Exchange Act, was sufficient to protect the interests of our stockholders, including the un