Company: MFON
Filing Date: 2025-09-02
Form Type: 10-Q
Source: 0001641172-25-026202
Chunk: 5

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-09-02
Form: 10-Q
Item: Part II, Item 1A
Chunk 5
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In
addition to the other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider the factors discussed
in “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 (the “Form 10-K”), which
could materially affect our business, financial condition or future results. There have been no material changes from the risk factors
previously disclosed in the Form 10-K except as stated below:

The
Company has filed a Rule 13e-3 Transaction Statement on Schedule 13E-3 and a preliminary proxy statement to stockholders, both of which
are under the review of and subject to comments of the staff of the SEC, to effect a reverse stock split as part of a plan to deregister
the Company’s common stock under the Exchange Act, which could negatively affect the liquidity and trading prices
of our common stock and result in less disclosure about the Company, without the Company’s stockholders having the
protections provided by the liability provisions of the Exchange Act and the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley
Act”).

On
July 31, 2025, a Special Committee of the Board consisting entirely of independent and disinterested directors, approved a transaction
whereby the Company would effect a reverse stock split of the Company’s shares of common stock, in conjunction with terminating
the Company’s public company reporting obligations, subject to obtaining the requisite approval of the Company’s stockholders
at a Special Meeting of Stockholders to be held for that purpose.

Specifically,
the Special Committee approved a transaction whereby the Company would effect a 1-for-25,000 reverse stock split of the Company’s
common stock (the “Reverse Stock Split”). If the proposal is approved, at the effective time of the Reverse Stock Split each
share of common stock owned by a stockholder in any one account holding fewer than 25,000 shares immediately prior to the Reverse Stock
Split will be automatically converted into the right to receive $0.29 in cash for each such share owned immediately prior to the Reverse
Stock Split, without interest (the “Cash Payment”), and such stockholders (“Cashed Out Stockholders”) will no
longer be stockholders of the Company. Stockholders owning shares of common stock in any one account holding 25,000 or more shares immediately
prior to the effective time of the Reverse Stock Split (“Contin