other material
confidence high
sentiment neutral
materiality 0.60
Mobivity completes warrant exercise inducement, raising ~$1.6M in gross proceeds
MOBIVITY HOLDINGS CORP.
- Old warrants exercised at reduced price of $0.82/share, yielding 1,960,976 common shares and 3,921,952 new warrant shares.
- Gross proceeds of approximately $1,608,000 from the offer.
- Director Thomas B. Akin participated in the exercise.
- New warrants exercisable for three years at $0.82/share, subject to customary adjustments.