Mobivity raises $2M via convertible notes at 15% interest due 2027

MOBIVITY HOLDINGS CORP.

Issued $2M aggregate principal convertible notes to four accredited investors, including director Thomas Akin ($75K) and 5% owner Bruce Terker ($1.5M).
Notes bear 15% simple interest, mature Dec 30, 2027, and convert into equity at a 90-day VWAP-based price.
Automatic conversion upon qualified financing of at least $4.5M; optional conversion in a corporate transaction.
Proceeds used to scale Connected Rewards program and for general working capital.
Securities issued without registration under Section 4(a)(2) and Rule 506 of Regulation D.

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