Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 843

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 6
Chunk 843
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 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’ 1,793,745
new warrants to purchase common stock at $.82
per share over a three-year
3
period expiring between August and September 2026. The
Company recorded $1,146,047
of stock-based expense related to warrants issued
during the warrant conversion offer on September 6, 2023. The total estimated value of the warrants using the Black-Scholes Model is
based on an average volatility rate of 72%
and an option fair value of $0.2922.

During
the fourth quarter, 15 warrant holders were issued 3,749,999 warrants as an inducement for Convertible Notes issued at the exercise price
of $.60 per share, resulting in additional capital of $2,250,000. The Company recorded $471,425 of stock-based expense related to warrants
issued during the warrant conversion offer on September 6, 2023. The total estimated value of the warrants using the Black-Scholes Model
is based on an average volatility rate of 72% and an option fair value of $0.2922.

Warrants
Exercised in 2024

During
the first quarter of 2024, one warrant holders was issued 3,291,664 warrants as an inducement for Convertible Notes issued at the exercise
price of $.60 per share, resulting in additional capital of $1,950,000. The Company recorded $466,594 of stock-based expense related
to warrants issued with issuance of convertible notes. The total estimated value of the warrants using the