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.
The underwriters have been granted a 45-day option to purchase up to an additional 1,305,000 units offered by the Company to cover over-allotments, if any.
EF Hutton, division of Benchmark Investments, LLC, acted as sole book running manager in the offering.
Rimon, P.C. served as legal counsel to the Company. Loeb & Loeb LLP served as legal counsel to EF Hutton.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on August 3, 2022 on Form S-1 (File No. 333-265353). The offering is being made only by means of a prospectus, copies of which may be…
