secwatch.observer — SEC 8-K summary
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Issuer:     MOBIVITY HOLDINGS CORP. (MFON)
CIK:        0001447380
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001493152-24-039056
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1447380/000149315224039056/0001493152-24-039056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1447380/000149315224039056/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-039056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer