Company: MFON
Filing Date: 2025-08-01
Form Type: PRE 14A
Source: 0001140361-25-028385
Chunk: 30

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-08-01
Form: PRE 14A
Chunk 30
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 savings primarily reflect, among other things:

| • | a reduction in fees to our registered independent public accounting firm and other accounting professional services of approximately $110,000 for audits, the review of our SEC periodic reports and related expenses; |

| • | the potential reduction in directors’ fees and premiums associated with our public company directors’ and officers’ liability insurance of approximately $120,000; |

| • | a reduction in legal fees associated with securities law compliance of approximately $225,000; and |

| • | the net reduction in costs and expenses associated with filing our annual, periodic and current reports and other documents, such as proxy statements and Section 16 filings with the SEC, printing, mailing and other costs of the annual report to stockholders, proxy statements and other miscellaneous costs of approximately $180,000. |

Our projected annual cost savings are only estimates, and those cost savings could be higher or lower than the amounts set forth above. Following the Reverse Stock Split, we currently intend to continue to have our financial statements audited by a public accounting firm to the extent required by the Company’s contractual agreements, but we do not intend to make such financial statements available to our stockholders, unless required by law or otherwise agreed to by the Company. The scope of these procedures would be reduced, given the lack of public company reporting requirements. In addition, there will be a more limited need for legal counsel if we no longer file reports with the SEC. Some estimates were more subjective, such as savings in transfer agent’s fees because of a reduction in the number of stockholder accounts to be handled, a reduction in printing and other related costs of distributions to stockholders, and a reduction in our investor relations website costs. Management Time and Expense; Operational Flexibility . The costs described above do not include any estimate for the overall time expended by our management and employees on the preparation of our SEC filings. We believe this time could more effectively be devoted to other purposes, such as operating our business and undertaking new initiatives that may result in greater long-term growth. Additionally, due to the public market’s focus on quarterly results, smaller public companies such as ours are required to focus on short-term goals, such as quarterly financial results, often at the expense of longer-term objectives. As a non-SEC reporting company, we believe management will be able to devote more time to sustaining long-term growth. Limited Trading Volume and Liquidity for Small Stockholdings . The Special Committee also believes that holders of small amounts of shares of our common stock may be