Mobivity Holdings Corp. Amends Existing Credit Agreement with Key Investors to Enhance Convertible Notes Offering
Reuters
Aug 06, 2025
<a href="https://laohu8.com/S/MFON">Mobivity Holdings Corp.</a> Amends Existing Credit Agreement with Key Investors to Enhance Convertible Notes Offering
Mobivity Holdings Corp. has recently entered into a significant financial agreement involving convertible promissory notes. On July 31, 2025, the company secured $3.85 million through a convertible note offering with accredited investors, including board member Thomas B. Akin and significant shareholder Bruce E. Terker. This transaction involved the issuance of senior secured convertible promissory notes, further aligning with a March agreement where similar notes were issued for $2.0 million. Additionally, Mobivity amended its existing credit agreement with Mr. Akin, updating the conversion provisions of previous notes to match the new terms. This strategic financial move is part of Mobivity's ongoing efforts to optimize its financial structure and support corporate growth.
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