Streetbeat News

MOBV

Mobiv Acquisition Corp

Open

4.62

Mkt cap

17M

Volume

162K

High

5.74

P/E Ratio

74.00

52-wk high

11.75

Low

4.19

Div yield

N/A

52-wk low

2.66

SRIVARU Holding Limited has completed a business combination with Mobiv Acquisition Corp and will begin trading on Nasdaq under the ticker symbols SVMH and SVMHW. Mohanraj Ramasamy, a former Tesla executive and founder of SRIVARU, is now CEO of the combined entity. The company aims to capture a significant share of the Indian and global EV markets, leveraging its state-of-the-art technologies and capital-efficient business model. SRIVARU is positioned to benefit from the growing Indian EV market, expected to exceed $36 billion by 2027, and plans to provide detailed business updates soon.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:13 pm

SentinelOne, Inc. (NYSE:S) shares surged over 18% in pre-market trading following the release of their Q3 results, which exceeded analyst expectations. The company reported $164.2 million in revenue, surpassing the $156.09 million estimate, and an adjusted loss of 3 cents per share, better than the expected 8 cents per share loss. SentinelOne also increased its full-year 2024 revenue forecast from $605 million to $616 million.

Portfolio Pulse from Lisa Levin

December 06, 2023 | 1:32 pm

Mobiv Acquisition Corp (MOBV) has amended agreements to extend the term of both its Non-Redemption Agreement and Securities Purchase Agreement. These amendments involve Mobiv Pte. Ltd., SRIVARU Holding Limited, and defined Investors, and are aimed at extending the agreements originally dated November 7, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:06 pm

The article lists the stocks that gained and lost the most in Wednesday's mid-day session. GAN Limited (NASDAQ:GAN) surged 83.9% after agreeing to be acquired by Sega Sammy Creation. Blade Air Mobility, Inc. (NASDAQ:BLDE) surged 27.3% after reporting strong Q3 FY23 revenue growth. On the other hand, DURECT Corporation (NASDAQ:DRRX) shares fell 75.5% after its Phase 2B AHFIRM trial did not achieve statistical significance. FTC Solar, Inc. (NASDAQ:FTCI) fell 62.8% after reporting Q3 earnings and announcing the departure of its CEO and CFO.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 6:41 pm

Mobiv Acquisition Corp (NASDAQ:MOBVU, MOBV) has announced an extension of the deadline to complete its initial business combination from November 8, 2023, to December 8, 2023. This is the seventh of up to nine one-month extensions permitted under the company's governing documents. In connection with the extension, Mobiv Pte. Ltd. will deposit $100,000 into the company's trust account on behalf of the company.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:01 pm

Mobiv Acquisition Corp has announced an extension of the deadline to complete its business combination from October 8 to November 8. The company will also deposit $100,000 into the company trust on or before October 8.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:06 pm

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.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:38 pm

Mobiv Acquisition Corp's stockholders have approved the proposed business combination with SRIVARU Holding Limited, a provider of premium electric motorcycles. More than 96% of the votes cast at the special meeting voted to approve the business combination. The business combination is expected to close upon satisfaction of all closing conditions required by the Merger Agreement, at which time Mobiv will merge with and into Merger Sub, with Mobiv being the surviving company and a subsidiary of SRIVARU. Mobiv's common stock and warrants will convert into ordinary shares and warrants of SRIVARU, which are expected to begin trading on Nasdaq under the new ticker symbols 'SVMH' and 'SVMHW'.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 12:07 pm

Mobiv Acquisition Corp (NASDAQ:MOBVU, MOBV, MOBVW) has filed its Definitive Proxy Statement for the planned business combination with SRIVARU Holding Limited, a provider of premium electric motorcycles. The company has also entered into a Lock-Up Waiver, effective September 29, 2023, for up to 100,000 shares of Class B common stock held by Mobiv Pte. Ltd. The focus of SRIVARU is in India, a market forecast to exceed $36 billion by 2027.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:42 pm

Mobiv Acquisition has announced an extension of the deadline to complete its business combination. The new deadline is now set for October 8, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 9:01 pm

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