---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-028871"
form_type: "8-K"
ticker: "MFON"
cik: "0001447380"
company_name: "MOBIVITY HOLDINGS CORP."
filed_at: "2025-08-05T23:59:59+00:00"
generated_at: "2026-05-17T20:36:05.769096+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Mobivity raises $3.85M convertible debt, plans 1-for-25,000 reverse split to go private

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-25-028871
- form_type: 8-K
- ticker: MFON
- cik: 0001447380
- company_name: MOBIVITY HOLDINGS CORP.
- filed_at: 2025-08-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1447380/000114036125028871/0001140361-25-028871-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1447380/000114036125028871/ef20053071_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-028871
- JSON: https://secwatch.observer/filing/0001140361-25-028871.json
- Plain text: https://secwatch.observer/filing/0001140361-25-028871.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1447380/000114036125028871/0001140361-25-028871-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.