secwatch.observer — SEC 8-K summary
======================================

Issuer:     MOBIVITY HOLDINGS CORP. (MFON)
CIK:        0001447380
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0001140361-25-028871
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1447380/000114036125028871/0001140361-25-028871-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1447380/000114036125028871/ef20053071_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-028871

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer