Mobivity (MFON) Proxy Filing summary

Executive summary

• Amendment corrects the aggregate principal amount of senior secured convertible notes issued from $3.85 million to $3.35 million, as part of a previously disclosed offering.

• Proceeds from the convertible notes will be used for working capital, general corporate purposes, and a proposed Reverse Stock Split.

Voting matters and shareholder proposals

• The convertible note offering was authorized by a special committee of the Board, with a target to raise up to $4.0 million.

Board of directors and corporate governance

• Thomas B. Akin, a Board member, and Bruce E. Terker, a 5%+ shareholder, participated as investors in the offering.

• The special committee of the Board oversaw and authorized the convertible note offering.