Company: MFON
Filing Date: 2025-08-01
Form Type: PRE 14A
Source: 0001140361-25-028385
Chunk: 28

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-08-01
Form: PRE 14A
Chunk 28
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 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 and the listing standards of a national stock exchange. Our common stock 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. The Special Committee has considered and determined that the costs of being an SEC reporting company outweigh the minimal benefits and, thus, it is no longer in the best interests of the Company or the Company’s stockholders for us to remain an SEC reporting company. The Reverse Stock Split is intended to make us a non-SEC reporting company. Our principal reasons for proposing the Reverse Stock Split are as follows:

| • | Due to the consistently low trading volume of our common stock, during the last 10 years, it has not been feasible to raise significant capital from the public markets. Despite the lack of benefits, we incur all of the significant annual expenses and indirect costs associated with being a public company. |

| • | The reduction in time spent by our management and employees preparing the periodic and other reports required of SEC reporting companies under the Exchange Act, complying with the Sarbanes-Oxley Act, and managing stockholder relations and communications, will enable them to focus more on managing the Company’s businesses and growing stockholder value. The Company will continue to be subject to the general anti-fraud provisions of applicable federal and state securities laws. |

| • | Our management will be able to focus more on long-term growth without an undue emphasis on short-term financial results. |

| • | Our record stockholders holding fewer than 25,000 shares in any one account will have the ability to liquidate their holdings in us, without incurring brokerage commissions. |

| • | The substantial disclosure requirements of being a public company put us at a competitive disadvantage relative to our competition, particularly in relation to better capitalized competitors. |

| • | The annual cost savings we expect to realize as a result of the termination of the registration of our shares of common stock under the Exchange Act, including ongoing expenses for compliance with the Sarbanes-Oxley Act, and other accounting, legal, printing and other miscellaneous costs associated with being a publicly traded company, are approximately