Mobiv Acquisition Corp. (MOBVU) Prices $87M IPO


Mobiv Acquisition Corp. (MOBVU) Prices $87M IPO

Mobiv Acquisition Corp.  priced its $87 million IPO and its units are expected to begin trading on the NASDAQ under the symbol “MOBVU” Thursday, August 4, 2022.

The new SPAC will focus its efforts on acquiring a technology company that is driving its growth in the electric vehicle (“EV”) and urban “smart” mobility industry including adjacent businesses in the sustainable transportation and related ecosystem. Mobiv is led by CEO Peter Bilitsch, and CFO Weng Kiat (Adron) Leow.

Total SPAC deal count for 2022 year-to-date is now 71. This offering is expected to close on Monday, August 8.

EF Hutton, division of Benchmark Investments, LLC, acted as sole book running manager in the offering. Rimon P.C. is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. MaloneBailey, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.