MOBIVITY HOLDINGS CORP. (MFON): debt financing — Mobivity extends credit facility maturity to June 2026; interest paid in stock

MOBIVITY HOLDINGS CORP.

Maturity extended to June 30, 2026; principal payments deferred to start July 31, 2024 in 24 monthly installments.
Interest at 15% per annum paid quarterly in kind in common stock at 90-day VWAP.
Amendment applies to existing convertible notes and future notes under the credit agreement.
Lender is director Thomas B. Akin; securities issued as accredited investor exemption.

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 until June 30, 2026.

Instrument: credit facility
Counterparty: Thomas B. Akin
Maturity: until June 30, 2026
Event: amendment

Exact text from the filing

The Amendment further amends the Existing Credit Agreement to extend the maturity of the Credit Agreement and related convertible notes thereunder until June 30, 2026.

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

MOBIVITY HOLDINGS CORP. amended Amendment No. 2 to Amended and Restated Credit Facility Agreement and Convertible Notes with Thomas B. Akin (effective 2024-05-03).

Action: amendment
Agreement: credit facility
Counterparty: Thomas B. Akin
Effective: 2024-05-03

Exact text from the filing

On May 3, 2024, Mobivity Holdings Corp. (the “Company”) entered into Amendment No. 2 (the “Amendment”) to Amended and Restated Credit Facility Agreement and Convertible Notes

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311 debt financings filed in the last 30 days. Browse all debt financings →

MOBIVITY HOLDINGS CORP. filing history →

Source: SEC EDGAR

accession 0001493152-24-018354

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