MOBIVITY HOLDINGS CORP. (MFON): debt financing — Mobivity raises $3.85M convertible debt, plans 1-for-25,000 reverse split to go private

MOBIVITY HOLDINGS CORP.

Issued $3.85M senior secured convertible notes at 15% simple interest, maturing July 31, 2028.
Notes sold to director Thomas B. Akin ($2.35M) and 5% holder Bruce E. Terker ($1.5M) for working capital.
Board approved 1-for-25,000 reverse split; cash out small holders (<25,000 shares) at $0.29/share.
Reverse split is part of plan to deregister SEC reporting and go private; special meeting expected Sept 2025.
Directors/executives (~37% ownership) will vote FOR; aggregate cost ~$1.5M including ~$1.01M for cashed-out shares.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MOBIVITY HOLDINGS CORP. incurred convertible notes of aggregate principal amount of $3.85 million with Thomas B. Akin and Bruce E. Terker at simple rate equal to 15% per annum maturing July 31, 2028.

Instrument: convertible notes
Principal: aggregate principal amount of $3.85 million
Counterparty: Thomas B. Akin and Bruce E. Terker
Rate: simple rate equal to 15% per annum
Maturity: July 31, 2028
Event: incurrence

Exact text from the filing

Pursuant to the Agreement, the Company received $3.85 million in proceeds and issued senior secured convertible promissory notes (each a “Convertible Note” and collectively, the “Convertible Notes”) in the aggregate principal amount of $3.85 million.

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24 debt financings filed in the last 30 days. Browse all debt financings →

MOBIVITY HOLDINGS CORP. filing history →

Source: SEC EDGAR

accession 0001140361-25-028871

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