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MOBV (Mobiv Acquisition Corp) is no longer actively trading.
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MOBV does not currently pay a dividend.
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Mobiv Acquisition Corp functions as a special purpose acquisition company (SPAC), created specifically to acquire an existing business rather than operate one itself. Its strategic focus for potential mergers lies in companies operating within the electric vehicle and urban mobility sectors, with a geographical emphasis on markets across Asia and Europe. The firm was established in 2022 and has its corporate headquarters situated in Newark, Delaware.
Former Tesla Executive, Mohanraj Ramasamy, assumes role as CEO of the combined companies Poised to capture a significant share of the multi-billion-dollar Indian and global EV markets based on surging demand, state-of-the-art technologies and capital-efficient business model Expected to commence trading on Nasdaq under new ticker symbol “SVMH” effective today, December 11, 2023 Delaware, USA and Coimbatore, India, Dec. 11, 2023 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH; SVMHW, MOBVU, MOBV, MOBVW) (“SRIVARU” or the “Company”), a commercial-stage provider of premium electric motorcycles, today provided a business update following the consummation of its recent business combination with Mobiv Acquisition Corp (“Mobiv”). In connection with the business combination, former Tesla executive and founder of SRIVARU, Mohanraj Ramasamy, has assumed the role as CEO of the Company.
Newark, Delaware, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Mobiv Acquisition Corp (Nasdaq: MOBVU, MOBV, MOBVW) (the “Company” or “Mobiv”) announced that on December 8, 2023, the Company consummated the previously announced business combination with SRIVARU Holding Limited, a Cayman Islands exempted company (“SVH” or “SRIVARU”), and Pegasus Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of the SVH (“Merger Sub”), pursuant to the business combination agreement which was initially entered into on March 13, 2023, among the Company, SVH and Merger Sub, as amended by the first amendment to agreement and plan of merger, dated August 4, 2023 (as amended, the “Merger Agreement”). Pursuant to the Merger Agreement, several transactions will occur, and in connection therewith, SVH will be the parent company of the Company (the “Business Combination”).
Newark, Delaware, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Mobiv Acquisition Corp (the “Company” or “Mobiv”) announced that on November 10, 2023, the Company entered into an amendment to that certain (a) Non-Redemption Agreement (the “NRA”) dated November 7, 2023, by and among the Company, Mobiv Pte. Ltd., and the Investors (as therein defined), and (b) that certain Securities Purchase Agreement (the “SPA”) dated as of November 7, 2023, by and among SRIVARU Holding Limited and the Investors (as therein defined), pursuant to which, in each case, and among other things, the parties thereto extended the term of the NRA and SPA, respectively.
Newark, DE, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Mobiv Acquisition Corp (the “Company” or “Mobiv”) announced that it intends to enter into a Lock-Up Waiver, to be effective November 7, 2023, with the underwriter of the Company's initial public offering (the “Underwriter”) whereby the Underwriter will agree to waive certain lock-up restrictions applicable to up to 2,441,250 shares of Class B common stock and 543,300 shares of Class A common stock held by Mobiv Pte. Ltd., in connection with incentivizing certain investors to acquire shares of the Company's Class A common stock currently subject to the exercise of the Company shareholders' redemption rights, with a view toward withdrawing the exercise of such redemption.
DELAWARE, USA, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Mobiv Acquisition Corp (Nasdaq: MOBVU, MOBV, MOBVW) (“Mobiv”), a special purpose acquisition company, announced today that, as of September 30, 2023, the trust value was $61,120,249.39.