Mobivity sells SMS/MMS customer accounts to SMS Factory for earn-out plus $303k prepayment

MOBIVITY HOLDINGS CORP.

Sold SMS/MMS text messaging customer accounts (Acquired Assets) to SMS Factory, Inc.
Purchase price: upfront prepayment of $303,000 plus 2x Gross Profit from each customer account over 2 years (Earn-out Payment).
Earn-out paid semi-annually; Seller retains Excluded Assets (gaming connection business).
Effective date September 25, 2024; transaction closed same day.

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