Welcome to our dedicated page for Mobiv Acquisition news (Ticker: mobvw), a resource for investors and traders seeking the latest updates and insights on Mobiv Acquisition stock.
Mobiv Acquisition Corp is a blank check company focused on mergers, acquisitions, and business combinations in the electric vehicle and urban mobility industry. With a management team experienced in sustainable transportation, the company aims to find target businesses that align with their expertise.
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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 primary business focus?
Mobiv Acquisition Corp focuses on seeking mergers, acquisitions, and business combinations in the electric vehicle and urban mobility industry.
What sets Mobiv Acquisition Corp apart from other blank check companies?
Mobiv Acquisition Corp stands out due to its management team's expertise in sustainable transportation and the electric vehicle sector.
Has Mobiv Acquisition Corp selected a specific business target for acquisition?
No, Mobiv Acquisition Corp has not yet chosen a specific business target for acquisition.
Who is the CEO of Mobiv Acquisition Corp?
Mohanraj Ramasamy, a former Tesla executive, currently serves as the CEO of Mobiv Acquisition Corp.
What type of vehicles does SRIVARU provide?
SRIVARU offers affordable premium electric two-wheeled vehicles known for providing an exceptional riding experience.
Where is Mobiv Acquisition Corp located?
Mobiv Acquisition Corp is located at 850 Library Avenue, Suite 204, Newark, Delaware 19711.
How can investors and media personnel contact Mobiv Acquisition Corp?
For investor and media inquiries, contact Crescendo Communications, LLC at (212) 671-1020 or email MOBV@Crescendo-IR.com.
What is the deadline for reversing Mobiv share redemptions?
The deadline to reverse Mobiv share redemptions and participate in the pro rata distribution of additional SRIVARU shares is 3:00PM ET on the day before closing.
What is Mobiv Acquisition Corp's long-term goal?
Mobiv Acquisition Corp aims to complete a merger, capital stock exchange, asset acquisition, stock purchase, or reorganization with one or more businesses in the electric vehicle and urban mobility industry.
Has Mobiv Acquisition Corp initiated discussions with potential business combination targets?
No, neither Mobiv Acquisition Corp nor anyone on their behalf has initiated substantive discussions with any potential business combination targets.
What is the contact information for the CEO of Mobiv Acquisition Corp?
The CEO of Mobiv Acquisition Corp is Mr. Peter Bilitsch, and he can be reached via email at peter.bilitsch@mobiv.ac or by phone at +1 (302) 738-6680.
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