Mobiv Acquisition Corp Provides Further Update On Planned Merger With SRIVARU Holding Limited And Bonus Pool Shares
Portfolio Pulse from Benzinga Newsdesk
Mobiv Acquisition Corp (NASDAQ:MOBV, MOBVU) has provided an update on its planned merger with SRIVARU Holding Limited, a provider of premium electric motorcycles. Post-merger, Mobiv's common stock and warrants will convert into ordinary shares and warrants of SRIVARU, which are expected to trade on Nasdaq under the new ticker symbols 'SVMH' and 'SVMHW'. Shareholders who reverse their redemption by the deadline will be entitled to a pro-rata share of the additional 2,500,000 SRIVARU ordinary shares.
October 02, 2023 | 12:38 pm
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NEUTRAL IMPACT
Mobiv's planned merger with SRIVARU could lead to a conversion of Mobiv's common stock and warrants into SRIVARU's ordinary shares and warrants. This could potentially impact the stock price of Mobiv.
The merger could lead to a change in the value of Mobiv's shares as they are converted into SRIVARU's shares. However, the exact impact on the stock price will depend on various factors including the market's perception of the merger and the value of SRIVARU's shares post-merger.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
As with MOBV, the planned merger could lead to a conversion of MOBVU's common stock and warrants into SRIVARU's ordinary shares and warrants, potentially impacting the stock price of MOBVU.
The merger could lead to a change in the value of MOBVU's shares as they are converted into SRIVARU's shares. However, the exact impact on the stock price will depend on various factors including the market's perception of the merger and the value of SRIVARU's shares post-merger.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100