Company: MFON
Filing Date: 2025-08-01
Form Type: PRE 14A
Source: 0001140361-25-028385
Chunk: 58

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-08-01
Form: PRE 14A
Chunk 58
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 Federal Income Tax Consequences to Stockholders Who Receive Cash in the Reverse Stock Split and Who Will Not Own, or Will Not Be Considered under the Code to Own, Shares of Common Stock After the Reverse Stock Split ,” provided that the receipt of cash either is “not essentially equivalent to a dividend,” or the Reverse Stock Split constitutes a “substantially disproportionate redemption of stock,” with respect to you, as described below.

The receipt of cash is “not essentially equivalent to a dividend” if the reduction in your proportionate interest in us resulting from the Reverse Stock Split (taking into account for this purpose shares of common stock which you are considered to own under the attribution rules described above) is considered a “meaningful reduction” given your particular facts and circumstances. The receipt of cash in the Reverse Stock Split will be a “substantially disproportionate redemption of stock” if (a) you own less than 50% of the total combined voting power of all classes of stock entitled to vote, and (b) the percentage of our voting stock owned by you immediately after the Reverse Stock Split is less than 80% of the percentage of shares of voting stock owned by you immediately before the Reverse Stock Split. For purposes of these percentage ownership tests, you are considered to own common stock owned directly as well as indirectly through the application of the attribution ownership rules described above. If both requirements are met, the cash you receive will generally be treated as proceeds from a sale or exchange. If you do not meet both requirements, you may still be eligible for capital gain treatment if your overall reduction in ownership is otherwise considered meaningful.

If your actual or constructive ownership is not “meaningfully reduced” or the receipt of cash fails to be “not essentially equivalent to a dividend,” the cash you receive will generally be taxable as a “dividend” to the extent of such your allocable share of the Company’s current or accumulated earnings and profits. The excess of such amounts received over the portion that is taxable as a dividend will constitute a non-taxable return of capital (to the extent of your tax basis in your shares of common stock held immediately before the Reverse Stock Split). Any amounts received in excess of your tax basis in such case will be treated as taxable gain. If the amounts received by you are treated as a “dividend,” the tax basis in the common stock held immediately before the Reverse Stock Split will be transferred to any remaining common stock held immediately after the Reverse Stock Split.**

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