Company: MFON
Filing Date: 2025-09-09
Form Type: PRER14A
Source: 0001140361-25-034415
Chunk: 44

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-09-09
Form: PRER14A
Chunk 44
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 such Continuing Stockholders), professional fees and other expenses will total approximately $1,500,000. The consideration to be paid to the Cashed Out Stockholders and the costs of the Reverse Stock Split will be paid from cash on hand. As a result, immediately after the Reverse Stock Split, we will have less cash on hand than we would have had if the Reverse Stock Split did not occur. See “Special Factors — Source of Funds and Expenses” beginning on page35. |

| • | Filing Requirements Potentially Reinstituted. The filing of the Form 15 will result in the suspension and not the termination of our filing obligations under the Exchange Act. This suspension will remain in effect so long as we have fewer than 300 stockholders of record. Thus, subsequent to the time the Form 15 becomes effective, if on the first day of any fiscal year we have more than 300 stockholders of record, then we must resume reporting pursuant to Section 15(d) of the Exchange Act. |

| • | Board Composition. After the completion of the Reverse Stock Split, we may reduce the number of persons serving on our board of directors, subject to the requirements of our articles of incorporation and bylaws. In addition, while our bylaws currently require that at least a majority of members of the Board be independent directors, after giving effect to the Reverse Stock Split, that provision could be eliminated by amendment to our bylaws, by either a vote of the Board or a majority of our stockholders. |

| • | Approval of Unaffiliated Stockholders Not Required. A separate vote of the unaffiliated stockholders is not required to approve the Reverse Stock Split, which means that Thomas B. Akin, the Chairman of the Board, can vote to approve the Reverse Stock Split. Mr. Akin holds 27,654,113 shares of common stock of the Company (excluding shares issuable upon the exercise of common stock warrants and the settlement of restricted stock units), which represent approximately 37% of the total voting power of the outstanding common stock of the Company. The Special Committee considered this and noted that Mr. Akin does not hold sufficient shares to approve the Reverse Stock Split on his own and would need other stockholders, including unaffiliated holders, to vote in favor of the Reverse Stock Split proposal for it to pass. |

| • | Board Approval. The Board delegated its full power and authority to the Special Committee to consider, evaluate, authorize and approve any potential take-private transactions and all matters pertaining