Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 922

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 7A
Chunk 922
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,787  
    $0.95  
     1.66 
  
    Exercised 
     (5,548,463) 
    $1.59  
     — 
  
    Outstanding at December 31, 2023 
     10,163,222  
    $0.94  
     2.48 
  
    Granted 
     11,458,324  
    $0.60  
     2.45 
  
    Expired 
     (20,339) 
    $1.48  
     — 
  
    Outstanding at December 31, 2024 
     21,601,207  
    $0.75  
     2.00 
  
    Exercisable at December 31, 2024 
     21,601,207  
    $0.75  
     2.00 

We
did record stock-based compensation expense of $0 and $2,502,570 for the years ended December 31, 2024 and 2023, respectively in connection
with the exercise of investor-based warrants.

Warrants
Exercised in 2023

During
March 2023, 15
warrant holders exercised their common stock
purchase warrant for 3,587,487
shares at the exercise price of $1.00
per share, resulting in additional capital of
$3,557,487.
As an inducement for the holder’s exercise of the warrants, we issued the holders’ 3,921,952
new warrants to purchase common stock at $2.00
per share over a three-year
3 period expiring in February 2025. The Company
recorded $577,000
of stock-based expense related to warrants issued
during the warrant conversion offer on February 14, 2023. The total estimated value of the warrants using the Black-Scholes Model is
based on a volatility rate of 63%
and an option fair value of $0.3216.

During
August and September of 2023, 18
warrant holders exercised their common stock
purchase warrant for 1,906,976
shares at the exercise price of $.82
per share, resulting in additional capital of
$3,557,487.
As an inducement for the holder’s exercise of the warrants, we issued the holders’