Mobiv Acquisition Corp

Mobiv Acquisition Corp. is a blank check company, which engages in effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. It intends to focus on acquiring businesses in the electric vehicle (EV) industry throughout Asia and Europe. The company was founded by Peter Bilitsch on January 7, 2022 and is headquartered in Newark, DE.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Mobiv Acquisition Corp. is a blank check company, which engages the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on acquiring businesses in the electric vehicle industry throughout Asia and Europe. The company was founded by Peter Bilitsch on January 7, 2022 and is headquartered in Newark, DE.

Srivaru Holding Ltd

Former Tesla Executive, Mohanraj Ramasamy, assumes role as CEO of the combined companies Poised to capture a significant share of the multi-billion-dollar Indian and global EV markets based on surging demand, state-of-the-art technologies and capital-efficient business model Expected to commence trading on Nasdaq under new ticker symbol “SVMH” effective today, December 11, 2023 Delaware, USA and Coimbatore, India, Dec. 11, 2023 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH; SVMHW, MOBVU, MOBV, MOBVW) (“SRIVARU” or the “Company”), a commercial-stage provider of premium electric motorcycles, today provided a business update following the consummation of its recent business combination with Mobiv Acquisition Corp (“Mobiv”). In connection with the business combination, former Tesla executive and founder of SRIVARU, Mohanraj Ramasamy, has assumed the role as CEO of the Company.

Update: SRIVARU Provides Business Update Following Successful Business Combination with Mobiv Acquisition Corp

Former Tesla Executive, Mohanraj Ramasamy, assumes role as CEO of the combined companies Poised to capture a significant share of the multi-billion-dollar Indian and global EV markets based on surging demand, state-of-the-art technologies and capital-efficient business model Expected to commence trading on Nasdaq under new ticker symbol “SVMH” effective today, December 11, 2023. Delaware, USA and Coimbatore, India, Dec. 11, 2023 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH; SVMHW, MOBVU, MOBV, MOBVW) (“SRIVARU” or the “Company”), a commercial-stage provider of premium electric motorcycles, today provided a business update following the consummation of its recent business combination with Mobiv Acquisition Corp (“Mobiv”).

SRIVARU Provides Business Update Following Successful Business Combination with Mobiv Acquisition Corp

Newark, Delaware, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Mobiv Acquisition Corp (Nasdaq: MOBVU, MOBV, MOBVW) (the “Company” or “Mobiv”) announced that on December 8, 2023, the Company consummated the previously announced business combination with SRIVARU Holding Limited, a Cayman Islands exempted company (“SVH” or “SRIVARU”), and Pegasus Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of the SVH (“Merger Sub”), pursuant to the business combination agreement which was initially entered into on March 13, 2023, among the Company, SVH and Merger Sub, as amended by the first amendment to agreement and plan of merger, dated August 4, 2023 (as amended, the “Merger Agreement”). Pursuant to the Merger Agreement, several transactions will occur, and in connection therewith, SVH will be the parent company of the Company (the “Business Combination”).

Mobiv Acquisition Corp Announces Closing of Business Combination with SRIVARU Holding Limited

Newark, Delaware, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Mobiv Acquisition Corp (the “Company” or “Mobiv”) announced that on November 10, 2023, the Company entered into an amendment to that certain (a) Non-Redemption Agreement (the “NRA”) dated November 7, 2023, by and among the Company, Mobiv Pte. Ltd., and the Investors (as therein defined), and (b) that certain Securities Purchase Agreement (the “SPA”) dated as of November 7, 2023, by and among SRIVARU Holding Limited and the Investors (as therein defined), pursuant to which, in each case, and among other things, the parties thereto extended the term of the NRA and SPA, respectively.

Mobiv Acquisition Corp Enters into Amendment to Non-Redemption Agreement Extending Term

Newark, DE, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Mobiv Acquisition Corp (the “Company” or “Mobiv”) announced that it intends to enter into a Lock-Up Waiver, to be effective November 7, 2023, with the underwriter of the Company's initial public offering (the “Underwriter”) whereby the Underwriter will agree to waive certain lock-up restrictions applicable to up to 2,441,250 shares of Class B common stock and 543,300 shares of Class A common stock held by Mobiv Pte. Ltd., in connection with incentivizing certain investors to acquire shares of the Company's Class A common stock currently subject to the exercise of the Company shareholders' redemption rights, with a view toward withdrawing the exercise of such redemption.

Mobiv Acquisition Corp Provides Further Update on Planned Business Combination

DELAWARE, USA, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Mobiv Acquisition Corp (Nasdaq: MOBVU, MOBV, MOBVW) (“Mobiv”), a special purpose acquisition company, announced today that, as of September 30, 2023, the trust value was $61,120,249.39.

Mobiv Acquisition Corp Announces Trust Value Update

Newark, DE , Oct. 06, 2023 (GLOBE NEWSWIRE) -- Mobiv Acquisition Corp (Nasdaq: MOBVU, MOBV, MOBVW) (the “ Company ”), a special purpose acquisition company, announced today that, on October 5, 2023, it notified the trustee of the Company's trust account that it was extending the time available to the Company to consummate an initial business combination from October 8, 2023 to November 8, 2023 (the “ Extension ”). The Extension is the sixth of up to nine one-month extensions permitted under the Company's governing documents. In connection with such Extension, Mobiv Pte. Ltd. (the “ Sponsor ”) will deposit an aggregate of $100,000.00 into the Company's trust account on or before October 8, 2023, on behalf of the Company.

Mobiv Acquisition Corp Announces Extension of Deadline to Complete Business Combination

Deadline to reverse Mobiv share redemptions and participate in the pro rata distribution of 2.5 million additional SRIVARU shares is 3:00PM ET on the day before closing Deadline to reverse Mobiv share redemptions and participate in the pro rata distribution of 2.5 million additional SRIVARU shares is 3:00PM ET on the day before closing

Mobiv Acquisition Corp Provides Further Update on Planned Merger with SRIVARU Holding Limited and Bonus Pool Shares

Transaction anticipated to close upon satisfaction of all closing conditions Transaction anticipated to close upon satisfaction of all closing conditions

Mobiv Acquisition Corp Stockholders Approve Previously Announced Business Combination with SRIVARU Holding Limited

Newark, Delaware, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Mobiv Acquisition Corp (Nasdaq: MOBVU, MOBV, MOBVW) (the “Company”), a special purpose acquisition company, announces that it has filed its Definitive Proxy Statement in connection with the planned business combination with SRIVARU Holding Limited (“SRIVARU”), a commercial-stage provider of premium electric motorcycles.  The Company also reports it has entered into a Lock-Up Waiver, effective September 29, 2023, whereby the underwriter of the Company's initial public offering agreed to waive certain lock-up restrictions applicable to up to 100,000 shares of Class B common stock held by the Mobiv Pte. Ltd., in connection with compensation to be paid in connection with the closing of the planned business combination.

Mobiv Acquisition Corp Provides Update on Planned Business Combination with SRIVARU

Shareholders electing to redeem have until approximately 3:00 pm Eastern Time on the day prior to closing to reverse their redemptions and participate in a pro rata distribution of the additional 2.5 million shares Shareholders electing to redeem have until approximately 3:00 pm Eastern Time on the day prior to closing to reverse their redemptions and participate in a pro rata distribution of the additional 2.5 million shares

Mobiv Acquisition Corp Announces Redemption Results in Connection with Planned Merger with SRIVARU Holding Limited

DELAWARE, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Mobiv Acquisition Corp (Nasdaq: MOBVU, MOBV, MOBVW) (the “Company”), a special purpose acquisition company, today provided a business update and announced that it has entered into an amendment (the “Amendment”) to the agreement and plan of merger dated as of March 13, 2023 (the “Merger Agreement”), with SRIVARU Holding Limited, a Cayman Islands exempted company (“SRIVARU”), a commercial-stage provider of premium electric motorcycles.

Mobiv Acquisition Corp Provides Business Update; Announces Increased Merger Consideration for Holders of Class A Common Stock That Do Not Redeem Their Shares Prior to Merger with SRIVARU Holding

New battery system provides enhanced rider experience, industry-leading safety features and extended battery life of more than 150,000 kilometers New battery system provides enhanced rider experience, industry-leading safety features and extended battery life of more than 150,000 kilometers

SRIVARU Announces Launch of Prana 2.0 Intelligent Battery System

NEWARK, Delaware, Sept. 23, 2022 (GLOBE NEWSWIRE) -- 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.

Mobiv Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants Commencing September 26, 2022

NEWARK, DE, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Mobiv Acquisition Corp (NASDAQ: MOBV, the “Company”) announced today that it priced its $87 million initial public offering of 8,700,000 units at $10.00 per unit. The units are expected to be listed on The NASDAQ Global Market (“NASDAQ”) and trade under the ticker symbol “MOBVU” beginning on August 4, 2022. Each unit consists of one share of Class A common stock and one redeemable warrant. Each warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on NASDAQ under the symbols “MOBV,” and “MOBVW,” respectively. The offering is expected to close on August 8, 2022, subject to customary closing conditions.

News for Mobiv Acquisition Corp Stock (MOBVU)