Company: MFON
Filing Date: 2025-09-09
Form Type: PRER14A
Source: 0001140361-25-034415
Chunk: 63

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-09-09
Form: PRER14A
Chunk 63
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 as described below. This amount includes approximately $1,009,685 needed to cash out fractional shares that would otherwise be issuable in the Reverse Stock Split (although this amount could be larger or smaller depending on, among other things, the number of fractional shares that will be outstanding at the time of the Reverse Stock Split as a result of purchases, sales and other transfers of our shares of common stock by our stockholders, and the number of “street name” shares that are actually cashed out in the Reverse Stock Split). In addition, the following legal, solicitation, filing, and other costs will be incurred by the Company to effect the Reverse Stock Split:

| • | $250,000 for legal expenses, of which $0 has been paid as of July 31, 2025. |

| • | $40,000 for solicitation fees. |

| • | $10,000 for filing, printing, mailing and other miscellaneous fees. |

The Company is accountable for paying all of the above expenses. Source of Funds The Company expects to pay the consideration to the Cashed Out Stockholders, Continuing Stockholders (but only with respect to any post-split fractional shares that would otherwise be held by such Continuing Stockholders), and the costs of the Reverse Stock Split from the Company’s cash on hand, which was obtained through a convertible note offering that was completed on July 31, 2025 (see below). Convertible Note Offering On July 31, 2025, the Company entered into a convertible promissory note purchase agreement (the “Agreement”) with two accredited investors and/or their affiliates, Thomas B. Akin, a member of the Company’s Board of Directors (“Board”), and Bruce E. Terker, an owner of 5% or more of the outstanding shares of the Company’s common stock, $0.001 par value (collectively, the “Investors”). Pursuant to the Agreement, the Company received $3.35 million in proceeds and issued senior secured convertible promissory notes (each a “Convertible Note” and collectively, the “Convertible Notes”) in the aggregate principal amount of $3.35 million. The Convertible Notes were issued as part of a convertible note offering authorized by the Special Committee to raise up to $3.35 million from the issuance of Convertible Notes (the “Offering”). Messrs. Akin and Terker invested $1.85 million and $1.5 million, respectively, in the Offering. The Company will use the