Mobiv Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants Commencing September 26, 2022
September 23 2022 - 2:00PM
Mobiv Acquisition Corp. (NASDAQ: MOBV, the “Company”) announced
that, commencing September 26, 2022, holders of the 8,700,000 units
sold in the Company’s initial public offering may elect to
separately trade the Class A common stock and warrants included in
the units. Any units not separated will continue to trade on The
Nasdaq Stock Market (the “Nasdaq”) under the symbol “MOBVU,” and
the separated Class A common stock and warrants are expected to
trade on the Nasdaq under the symbols “MOBV,” and “MOBVW,”
respectively. No fractional warrants will be issued upon separation
of the units and only whole warrants will trade. Unitholders will
need to have their brokers contact Continental Stock Transfer &
Trust Company, the Company’s transfer agent, in order to separate
the units into Class A common stock and warrants.
The units were initially offered by the Company
in an underwritten offering. EF Hutton, division of Benchmark
Investments, LLC, acted as the sole book-running manager of the
offering. A registration statement relating to the units and the
underlying securities was declared effective by the Securities and
Exchange Commission (the “SEC”) on August 3, 2022.
The offering was made only by means of a
prospectus. Copies of the prospectus related to this offering may
be obtained from EF Hutton, division of Benchmark Investments, LLC
at Attn: Syndicate Department, 590 Madison Avenue, 39th Floor, New
York, New York 10022, by telephone at (212) 404-7002, by fax at
(646) 861-4697, or by email at syndicate@efhuttongroup.com. Copies
of the registration statement can be accessed through the SEC’s
website at www.sec.gov.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Mobiv Acquisition
Corp.
Mobiv Acquisition Corp is a newly incorporated
blank check company whose business purpose is to effect a merger,
capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses or entities, which we refer to as our initial business
combination. The Company intends to focus its search for a target
business in the electric vehicle (“EV”) and urban “smart” mobility
industry that may include businesses adjacent thereto in the
sustainable transportation and related ecosystem, which complement
the Company’s management team’s backgrounds. The Company has not
selected any business combination target and we have not, nor has
anyone on our behalf, initiated any substantive discussions,
directly or indirectly, with any business combination target.
Mobiv Acquisition Corp. is led by Peter
Bilitsch, the Company’s Chief Executive Officer and Weng Kiat
(Adron) Leow, the Company’s Chief Financial Officer. The Company's
independent directors include Lloyd Bloom, Garry Peagam, and Niels
Strohkirch.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the anticipated separation of the units into Class A common stock
and warrants. No assurance can be given that the units will be
separated as indicated. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement and final prospectus relating
to the Company’s initial public offering filed with the SEC. Copies
are available on the SEC’s website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Company Contact:
Mobiv Acquisition Corp850 Library Avenue, Suite 204Newark,
Delaware 19711Attn.: Mr. Peter BilitschChief Executive
OfficerEmail: peter.bilitsch@mobiv.acTel.: +13027386680
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