NEWARK, DE — Mobiv Acquisition Corp. (NASDAQ: MOBV) announced that commencing after the opening bell today, 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 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 [email protected] Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.
The Company stated that its announcement 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.
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