Company: MFON
Filing Date: 2025-09-02
Form Type: 10-Q
Source: 0001641172-25-026202
Chunk: 2

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-09-02
Form: 10-Q
Item: Part II, Item 1
Chunk 2
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 statement and Schedule 13e-3 with respect to the Reverse Stock
Split.

The
Special Committee may abandon the Reverse Stock Split at any time prior to the effectiveness of the Reverse Stock Split, even after stockholder
approval, if the Special Committee determines in its business judgment that the Reverse Stock Split is no longer in the best interests
of the Company and its stockholders.

Any
trading in our common stock (after the Reverse Stock Split and deregistration under the Exchange Act) will only occur in privately negotiated
sales and potentially on the OTC Pink Market, if one or more brokers chooses to make a market for our common stock there and complies
with applicable regulatory requirements; however, there can be no assurances regarding any such trading.

Stockholders
holding the Company’s common stock following the Reverse Stock Split and subsequent filing to become a non-reporting entity may
no longer have the information that is currently provided in the Company’s filings with the SEC pursuant to the Exchange Act regarding
such matters as the Company’s business operations and developments, legal proceedings involving the Company, the Company’s
financial results, the compensation of the Company’s directors and named executive officers, and Company securities held by the
Company’s directors, officers and major stockholders. In addition, it is likely that there will be limited liquidity for the Company’s
common stock and that trading of shares may only continue in privately negotiated sales. As a result, stockholders may not be able to
purchase or sell the common stock at all or at prices they desire.

Further,
the Company’s stockholders will no longer have the protections provided by the liability provisions of the Exchange Act and the
Sarbanes-Oxley Act applicable to the Company and the Company’s directors, officers and major stockholders, including the short-swing
profit provisions of Section 16, the proxy solicitation rules under Section 14, the stock ownership reporting rules under Section 13,
provisions relating to personal attestation by officers about accounting controls and procedures potential criminal liability regarding
the disclosure by the Company.

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item
3. Defaults upon Senior Securities.

None.

Item
4. Mine Safety Disclosures.

Not
applicable.

Item
5. Other Information

During
the six months ended June 30, 2025, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted, modified
or