MOBIVITY HOLDINGS CORP. (MFON): debt financing — Mobivity amends credit facility with director Akin; maturity extended to Dec 2025, interest paid in stock

MOBIVITY HOLDINGS CORP.

Maturity of credit facility and convertible notes extended to December 1, 2025.
Principal payments deferred to 24 monthly installments starting January 1, 2024 through December 1, 2025.
Interest at 15% per annum now payable quarterly in common stock at 90-day VWAP, instead of cash.
Amendment applies to existing and future convertible notes under the credit facility.
Lender is director Thomas B. Akin; reflects insider support and potential dilution for shareholders.

item 1.01 item 2.03 item 3.02 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. amended credit facility with Thomas B. Akin maturing December 1, 2025.

Instrument: credit facility
Counterparty: Thomas B. Akin
Maturity: December 1, 2025
Event: amendment

Exact text from the filing

On January 31, 2023, Mobivity Holdings Corp. (the “Company”) entered into Amendment No. 1 (the “Amendment”) to Amended and Restated Credit Facility Agreement and Convertible Notes which amends our existing Amended and Restated Credit Facility Agreement, dated as of November 11, 2022, between the Company and Thomas B. Akin

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MOBIVITY HOLDINGS CORP. amended Amendment No. 1 with Thomas B. Akin (effective 2023-01-31).

Action: amendment
Agreement: credit facility
Counterparty: Thomas B. Akin
Effective: 2023-01-31

Exact text from the filing

On January 31, 2023, Mobivity Holdings Corp. (the “Company”) entered into Amendment No. 1 (the “Amendment”) to Amended and Restated Credit Facility Agreement and Convertible Notes which amends our existing Amended and Restated Credit Facility Agreement, dated as of November 11, 2022, between the Company and Thomas B. Akin, a director of the Company (the “Existing Credit Agreement” and as amended by the Amendment, the “Credit Agreement”) and any convertible notes issued thereunder.

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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 0001437749-23-002557

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