Mobiv Acquisition priced its offering of 8.7 million units at $10 each. The units begin trading today on the Nasdaq under the ticker symbol MOBVU. Mobiv trimmed the deal size 13% last month ahead of the offering.
The SPAC is focused on technology companies driving growth in the electric vehicle (“EV”) and urban “smart” mobility industry, including businesses in the sustainable transportation and related ecosystem.
Once the securities begin separate trading, stock and warrants are expected to listed under the symbols MOBV and MOBVW.
The offering is expected to close Aug. 8.
The underwriters have a 45-day option to purchase up to an additional 1,305,000 units to cover over-allotments, if any.
EF Hutton is sole book-running manager of the offering. Rimon, P.C. served as legal counsel to the SPAC. Loeb & Loeb served as legal counsel to EF Hutton. Read more.
