Welcome to our dedicated page for Mobiv Acquisition news (Ticker: MOBVU), a resource for investors and traders seeking the latest updates and insights on Mobiv Acquisition 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
Mobiv Acquisition Corp (Nasdaq: MOBVU; MOBV; MOBVW) has entered a merger agreement with SRIVARU Holding Ltd., aiming for significant vehicle sales revenue growth in the coming years, targeting US$39 million for FY 2024, US$117 million for FY 2025, and US$553 million for FY 2026. This merger is set to establish the first U.S.-listed electric motorcycle company with manufacturing in India, addressing a rapidly expanding e-mobility market. SRIVARU has received over 700 dealer applications, with expectations of generating up to US$104 million in gross proceeds, further enhancing its manufacturing and distribution capabilities.
Mobiv Acquisition Corp. (NASDAQ: MOBV) announced that starting September 26, 2022, holders of its 8.7 million IPO units can separately trade Class A common stock and warrants. The units will continue trading under the symbol MOBVU, while Class A shares and warrants will trade under MOBV and MOBVW, respectively. No fractional warrants will be issued. The offering was underwritten by EF Hutton and a registration statement was effective as of August 3, 2022. The press release clarifies that this announcement does not constitute an offer to sell securities where such sale may be unlawful.
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