Company: MFON
Filing Date: 2025-08-01
Form Type: PRE 14A
Source: 0001140361-25-028385
Chunk: 6

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-08-01
Form: PRE 14A
Chunk 6
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 the extent any such stockholder owns a number of pre-split shares that is greater than 25,000 but is not evenly divisible by 25,000, the fractional shares of such stockholder resulting from the proposed Reverse Stock Split would be cashed out at the Cash Payment. |

Stockholders owning shares of common stock in any one account holding fewer than 25,000 shares immediately prior to the effective time of the Reverse Stock Split, whom we refer to as “Cashed Out Stockholders,” will receive the Cash Payment, and they will no longer be stockholders of the Company. For stockholders that hold both restricted and unrestricted shares in any one account, such shares will be considered in the aggregate for purposes of determining whether they own fewer than 25,000 shares. Stockholders who own shares of common stock in any one account holding 25,000 or more shares immediately prior to the effective time, whom we refer to as “Continuing Stockholders,” will remain stockholders of the Company. See “ Special Factors — Effects of the Reverse Stock Split” beginning on page 25. Purpose of and Reasons for the Reverse Stock Split The primary purpose of the Reverse Stock Split is to enable the Company to reduce and maintain the number of record holders of its common stock below 300, which is the threshold at which SEC public reporting is required. After the Reverse Stock Split, we intend to cease registration of our common stock under the Exchange Act. As a result, effective on and following the termination of the registration of our common stock under the Exchange Act, the Company would no longer be subject to the reporting requirements under the Exchange Act, or other requirements applicable to a public company, including requirements under the Sarbanes-Oxley Act. Our common stock also would not be eligible for listing on the New York Stock Exchange, the NYSE American, the Nasdaq Global Select Market or the Nasdaq Global Market. Any trading in our common stock after the Reverse Stock Split and deregistration under the Exchange Act would 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. The Special Committee has considered and determined that the costs of being a public reporting company outweigh the benefits thereof and, thus, it is no longer in the best interests of the Company or its stockholders for us to remain a public reporting company. The Reverse Stock Split is intended to make us a