Company: MFON
Filing Date: 2025-09-09
Form Type: PRER14A
Source: 0001140361-25-034415
Chunk: 45

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-09-09
Form: PRER14A
Chunk 45
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 thereto on behalf of the Company, including the Reverse Stock Split. The Special Committee is comprised of the independent members of the Board and has approved the transaction. Aside from its delegation to the Special Committee, and in order to procedurally separate Mr. Akin from the evaluation and approval process, the Board has not participated in any review or assessment of the merits of the Reverse Stock Split. |

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#### TABLE OF CONTENTS
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 unaffiliated stockholders. In addition, the Special Committee took note of the fact that the interests of our stockholders inherently vary depending upon whether any particular stockholder would hold 25,000 or more shares, or would hold fewer than 25,000 shares in any one account at the effective time. Although there was no third party that acted independently on behalf of the unaffiliated stockholders, the Special Committee set out to consider the interests of the unaffiliated stockholders by approving and recommending a Reverse Stock Split that they deemed fair to the unaffiliated stockholders.

The Special Committee further noted that stockholders can increase, divide, or otherwise adjust their existing holdings at any time prior to the effective date of the Reverse Stock Split, so as to retain some or all of their shares of common stock, or to receive cash for some or all of their shares, as they see fit.

The Company intends to treat stockholders holding common stock in “street name” in the same manner as stockholders whose shares are registered in their own names, and will ask banks, brokers and nominees holding these shares to provide us with information on how many fractional shares will