Company: MFON
Filing Date: 2025-06-06
Form Type: 10-Q
Source: 0001641172-25-014006
Chunk: 87

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-06-06
Form: 10-Q
Item: Part I, Item 8
Chunk 87
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 niche and create further value for our Connected Rewards Customers.

    ● 
    Acquire complementary businesses and technologies. We will continue to search and identify unique opportunities which we believe will enhance our product features and functionality, revenue goals, and technology. We intend to target companies with some or all of the following characteristics: (1) an established revenue base; (2) strong and defensible technology services that further build out and differentiate our platform; (3) opportunities for substantial expense reductions through integration into our platform; and (4) strong sales teams. Our acquisitions have historically been consummated through the issuance of a combination of our common stock and cash.

    ● 
    Build our intellectual property portfolio. We currently have nine issued patents that we believe have significant potential application in the technology industry. We plan to continue our investment in building a strong intellectual property portfolio.

While these are the key elements of our current strategy,
there can be no guarantees that our strategy will not change or that our strategy will be successful or implemented at all.

Recent Events

Related Party Senior Secured
Notes

During the first quarter of 2025 the Company issued
10 Convertible Notes payable for $425,000. Simple interest on the unpaid principal balance of the Convertible Note will accrue at the
rate of 15% per annum. and automatically convert into the same
equity securities issued for cash in the Qualified Financing, or at the option of the Investors, into the same equity securities issued
for cash in a Corporate Transaction, each as the Convertible Note. Interest on the Convertible Notes will be accreted and added to the
unpaid principal balance prior to conversion. The Convertible Notes are payable in one installment three years from the date of the Convertible
Note.

Senior
Secured Convertible Notes

During
the first quarter of 2025 the Company issued 7 Convertible Notes payable to related party investors for $1,575,000. Simple interest on
the unpaid principal balance of the Convertible Note will accrue at the rate of 15% per annum. and automatically convert into the same
equity securities issued for cash in the Qualified Financing, or at the option of the Investors, into the same equity securities issued
for cash in a Corporate Transaction, each as the Convertible Note. Interest on the Convertible Notes will be accreted and added to the
unpaid principal balance prior to conversion. The Convertible Notes are payable in one installment three years from the date of the Convertible