Movella to Ring Nasdaq Stock Market Opening Bell on Thursday, March 2, 2023
February 27 2023 - 7:00AM
Movella™ Holdings Inc – (Nasdaq: MVLA) (“Movella”), a leading
full-stack provider of sensors, software, and analytics that enable
the digitization of movement, announces that Company
management will be celebrating their February 13, 2023 Nasdaq
listing during the Opening Bell Ceremony at the Nasdaq Stock Market
on Thursday, March 2, 2023.
Ben Lee, CEO of Movella, will lead the ceremony alongside
members of the Company’s management team, board members, investors,
and guests.
“This Opening Bell Ceremony is a tribute to Movella’s
pre-listing investors who have supported the Company over the
years, and more importantly to the hard work and dedication of all
of our employees worldwide, without whom today would not have been
possible,” said Mr. Lee. “I look forward to our future as a Nasdaq
listed company.”
The Opening Bell Ceremony will be broadcast live starting at
9:15 a.m. Eastern Time from the Nasdaq MarketSite Tower in New
York, NY. To view the broadcast, please
visit: https://www.nasdaq.com/marketsite/bell-ringing-ceremony.
About Movella Holdings Inc.
Movella is a leading full-stack provider of sensors, software,
and analytics that enable the digitization of movement. Movella
serves the entertainment, health & sports, and automation &
mobility markets. Our innovations enable customers to capitalize on
the value of movement by transforming data into meaningful and
actionable insights. Partnering with leading global brands such as
Electronic Arts, EPIC Games, 20th Century Studios, Netflix, Toyota,
Siemens and over 500 sports organizations, Movella is creating
extraordinary outcomes that move humanity forward. To learn more,
please visit www.movella.com.
Cautionary Statement Regarding Forward Looking
Statements This press release contains
“forward-looking statements” within the meaning of federal
securities laws. The words “accelerate,” “anticipate,” “believe,”
“continue,” “could,” “enable,” “estimate,” “expect,” “extend,”
“fuel,” “future,” “growth,” “intend,” “may,” “might,”
“opportunity,” “outlook,” “plan,” “position,” “possible,”
“potential,” “predict,” “progress,” “project,” “realize,” “see,”
“seem,” “should,” “will,” “would,” and similar expressions, or the
negative of such expressions, may identify forward-looking
statements, but the absence of these words does not mean that a
statement is not forward-looking. These forward-looking statements
include, but are not limited to, statements regarding the
following: Movella’s management team’s expectations, hopes,
beliefs, intentions or strategies regarding the future and the
company’s competitive position; the potential impact of the merger
on Movella and its business, including allowing Movella to continue
to rapidly scale its business and further invest in market-leading
movement capture and digitization solutions; the potential benefits
and expectations related to the terms of the FP financing,
including but not limited to, the sale of FP-purchased stock and
repayment of the note; the ability of Movella’s solutions to enable
real-time digitized movement in the emerging high-growth areas of
the Metaverse, next-generation gaming, live streaming and other
applications; the anticipated use of capital raised from the
transaction to further scale and grow the business; the belief that
Movella’s proprietary technology, scalable business model, and
experienced leadership team will position Movella to extend its
leadership position and continue to deliver innovations that drive
the industry; the anticipated or potential features, benefits, and
applications for Movella’s products and technology and timing
thereof; the market opportunity for Movella’s products and
technology; or other characterizations of future events or
circumstances, including any underlying assumptions. These
statements are based on the current expectations of Movella’s
management and are not predictions of actual performance and as
such, are provided for illustrative purposes only. These
forward-looking statements involve a number of risks, uncertainties
(some of which are beyond Movella’s control) or other assumptions
that may cause actual results or performance to be materially
different from those expressed or implied by these forward-looking
statements. These risks and uncertainties include, but are not
limited to, the following: (i) failure to realize the anticipated
benefits of the merger ; (ii) general economic conditions and
Movella’s financial performance; (iii) changes adversely affecting
the businesses in which Movella is engaged; (iv) Movella’s ability
to execute on its business strategy and plans and to manage growth;
and (v) risks related to regulatory matters, as well as the factors
described under the headings “Risk Factors” and “Cautionary Note
Regarding Forward-Looking Statements” in the final prospectus filed
with the Securities and Exchange Commission (the “SEC”) pursuant to
Rule 424(b)(3) by Pathfinder on January 17, 2023 and in those
documents that Movella will file with the SEC in the future. If any
of these risks materialize or the underlying assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. There may be
additional risks that Movella presently knows or currently believes
are immaterial that could also cause actual results to differ from
those contained in the forward-looking statements. In addition,
forward-looking statements reflect expectations, plans or forecasts
of future events and views as of the date of this press release.
Movella anticipates that subsequent events and developments will
cause its assessments to change. However, while Movella may elect
to update these forward-looking statements at some point in the
future, Movella specifically disclaims any obligation to do so,
except to the extent required by applicable law. These
forward-looking statements should not be relied upon as
representing Movella’s assessments as of any date subsequent to the
date of this press release and are not intended to serve as a
guarantee, an assurance, a prediction or a definitive statement of
fact or probability. Accordingly, undue reliance should not be
placed upon the forward-looking statements.
Contact:Steve SmithChief Financial Officer1+(408)
637-5521
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