Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 336

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1B
Chunk 336
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, Arizona, on March 1, 2024 for its office
facilities in Chandler, AZ through February 28, 2025. Monthly rental payments including rental of office furniture and excluding
taxes, are $24,470.

Item
3. Legal Proceedings.

As
of the date of this report, the company has two pending legal proceeding related to the Telephone Consumer Protection Act, 47 U.S.C
§ 227 et al. (“TCPA”). The first proceeding is a putative class action complaint alleging that Defendant initiated
telephone solicitations through text messages to Plaintiff and members of a putative class in violation of the TCPA. The defense of
the matter was tendered to the Company by its client, and our firm took over the defense of the matter. We have not yet responded to
the complaint and no discovery has been conducted so we are unable to determine at this time whether it may result in a
“material” exposure as defined. The Company intends to seek an individual settlement of this matter and if one cannot be
reached it intends to vigorously defend the matter for its client.

The
second proceeding is a putative class action complaint alleging that Defendant initiated telephone solicitations through text messages
in violation of the Telephone Consumer Protection Act, 47 U.S.C § 227 et al. (“TCPA”). The defense of the matter was
tendered to the Company by its client, and our firm is managing the defense of the matter. We have not yet responded to the complaint
and no discovery has been conducted so we are unable to determine at this time whether it may result in a “material” exposure
as defined. The Company intends to seek an individual settlement of this matter and if one cannot be reached it intends to vigorously
defend the matter for its client.

Management
believes that there is no other pending litigation of which the resolution or settlement will have a material adverse effect on the results
of operations or liquidity of the Company.

Item
4. Mine Safety Disclosures

Not
Applicable.

Part
II

Item
5. Market for Registrant’s Common Equity, Related Stockholder Matter and Issuer Purchases of Equity Securities

Our
common stock is quoted on the OTCQB® Venture Market under the stock symbol “MFON”.

Our
common stock trades only sporadically and has experienced in the past, and is expected to experience in the future, significant price
and volume volatility.

Quotations
reflect inter-dealer prices