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 (MOBVU) is a special purpose acquisition company targeting innovators in electric vehicles and smart urban mobility solutions. This page serves as the definitive source for official announcements, financial updates, and strategic developments from the SPAC led by former Tesla executive Mohanraj Ramasamy.
Investors and industry observers will find timely updates on merger candidates, partnership announcements, and regulatory filings. Our curated feed includes earnings reports, leadership changes, and progress toward identifying a target in the premium electric two-wheeler market, particularly regarding potential collaboration with SRIVARU.
Key content areas cover merger status updates, capital structure changes, market expansion plans, and technology partnerships. All information is sourced directly from SEC filings and company-issued communications to ensure reliability.
Bookmark this page for streamlined access to MOBVU's evolving position in sustainable transportation. Check regularly for developments that could impact the company's trajectory in the competitive EV SPAC landscape.
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.
