secwatch.observer — SEC 8-K summary
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Issuer:     MOBIVITY HOLDINGS CORP. (MFON)
CIK:        0001447380
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001437749-23-002557
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mobivity amends credit facility with director Akin; maturity extended to Dec 2025, interest paid in stock
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1447380/000143774923002557/0001437749-23-002557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1447380/000143774923002557/mobv20230203_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-002557

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