Mobivity Completes $3.3 Million Early Warrant Conversion of Existing Warrantholders GlobeNewswire
PHOENIX, Dec. 22, 2020 (GLOBE NEWSWIRE)
Mobivity Holdings Corp. (OTCQB: MFON) a global provider of customer engagement solutions that increase customer engagement through mobile messaging and personalized digital offers, and drives digital transformation for brands, today announced the closing of the previously announced early exercise of warrants to purchase common stock. This private placement brought gross proceeds to Mobivity of $3.3 million. The private placement will strengthen Mobivity’s balance sheet and accelerate growth into 2021.
As was previously announced, the exercised warrants were originally issued by Mobivity in a private placement that closed in September of 2019.  All of the holders of the September 2019 class of Warrants exercised early and have received a new warrant to purchase common stock at $2.00 per share for every one exercised. T