Streetbeat News

MOBVU

Mobiv Acquisition Corp

Open

4.54

Mkt cap

17M

Volume

857

High

4.99

P/E Ratio

N/A

52-wk high

11.29

Low

4.48

Div yield

N/A

52-wk low

3.74

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 (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 Corp (NASDAQ:MOBVU, MOBV, MOBVW) has announced an extension of the deadline to complete its initial business combination from August 8, 2023 to September 8, 2023. This is the fourth 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 Happy Mohamed

August 08, 2023 | 2:06 pm

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