Welcome to our dedicated page for Mobiv Acqsn news (Ticker: MOBVU), a resource for investors and traders seeking the latest updates and insights on Mobiv Acqsn stock.
Mobiv Acquisition Corp is a blank check company seeking to merge with businesses in the electric vehicle and urban smart mobility industry. Led by former Tesla executive Mohanraj Ramasamy, the company aims to target sustainable transportation businesses, focusing on premium electric two-wheeled vehicles like SRIVARU. With a mission to revolutionize transportation, Mobiv Acquisition Corp is poised for significant growth in the emerging EV market.
For inquiries or more information, please contact Mobiv Acquisition Corp at 850 Library Avenue, Suite 204, Newark, Delaware 19711. Attention: Mr. Peter Bilitsch, Chief Executive Officer. Email: peter.bilitsch@mobiv.ac. Tel: +1 (302) 738-6680
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SRIVARU Holding Limited (Nasdaq: SVMH) appoints former Tesla executive Mohanraj Ramasamy as CEO, poised to capture a significant share of the multi-billion-dollar Indian and global EV markets. The company is expected to commence trading on Nasdaq under the new ticker symbol 'SVMH' effective December 11, 2023.
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Mobiv Acquisition Corp (Nasdaq: MOBVU, MOBV, MOBVW) completed a business combination with SRIVARU Holding Limited and Pegasus Merger Sub Inc. Stockholders received 3.572479901 shares of the Company’s Class A common stock, resulting in an aggregate of 4.572479901 ordinary shares of SVH. No fractional securities will be issued.
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Mobiv Acquisition Corp (Mobiv) Extends Non-Redemption Agreement and Securities Purchase Agreement, November 10, 2023
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Mobiv Acquisition Corp (Nasdaq: MOBVU, MOBV, MOBVW) announced an extension of the time available to consummate an initial business combination from November 8, 2023 to December 8, 2023. The extension is the seventh of up to nine one-month extensions permitted under the company’s governing documents. Mobiv Pte. Ltd. will deposit $100,000.00 into the company’s trust account on or before November 8, 2023, on behalf of the company.
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Mobiv Acquisition Corp announces intention to enter into a Lock-Up Waiver with the underwriter of its IPO. The waiver will waive certain lock-up restrictions on shares held by Mobiv Pte. Ltd., in connection with incentivizing investors to acquire shares subject to redemption rights.
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Mobiv Acquisition Corp announces trust value of $61,120,249.39
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Mobiv Acquisition Corp extends deadline for initial business combination
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Mobiv Acquisition Corp provides a business update regarding the planned merger with SRIVARU Holding Limited. Shareholders have until 3:00 pm ET on the day before closing to reverse their redemption election and receive a pro-rata share of 2,500,000 SRIVARU ordinary shares as merger consideration. If no additional redemptions are withdrawn, the pro rata Bonus Pool Shares would equal approximately 12 additional SRIVARU shares per each unredeemed Mobiv share.
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Mobiv stockholders vote to approve business combination with SRIVARU, a provider of premium electric motorcycles. More than 96% of votes cast at the Special Meeting voted in favor. Business combination expected to close upon satisfaction of all closing conditions. Mobiv's common stock and warrants will convert into ordinary shares and warrants of SRIVARU. SRIVARU's ordinary shares and warrants to begin trading on Nasdaq under new ticker symbols 'SVMH' and 'SVMHW'. Holders of unredeemed shares entitled to pro-rata portion of 2.5 million bonus shares pool. Business combination closing anticipated the week of October 2, 2023. SRIVARU expected to become first India-based, U.S.-listed electric motorcycle company.
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Mobiv Acquisition Corp announces filing of Definitive Proxy Statement for business combination with SRIVARU Holding Limited, a provider of premium electric motorcycles. Lock-Up Waiver granted for 100,000 shares of Class B common stock. CEO expresses confidence in SRIVARU's potential in India's $36 billion electric motorcycle market.
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FAQ
What is Mobiv Acquisition Corp's business purpose?
Mobiv Acquisition Corp aims to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the electric vehicle and urban smart mobility industry.
Who is the current CEO of Mobiv Acquisition Corp?
Former Tesla executive, Mohanraj Ramasamy, has assumed the role of CEO of Mobiv Acquisition Corp.
What type of businesses is Mobiv Acquisition Corp looking to target?
The company is focusing on businesses in the sustainable transportation and electric vehicle industry, particularly those involved in premium electric two-wheeled vehicles.
What sets SRIVARU apart from other electric vehicle companies?
SRIVARU provides affordable premium electric two-wheeled vehicles that offer an exceptional riding experience, distinguishing itself in the competitive EV market.
Mobiv Acqsn