Mobiv Acquisition closed its initial public offering of 8.7 million units. The underwriters exercised their over-allotment option in full for an additional 1.305 million units. The aggregate gross proceeds of the offering totaled $100,050,000.
The SPAC is focused on technology companies driving growth in the electric vehicle and urban “smart” mobility industry, including businesses in the sustainable transportation and related ecosystem.
EF Hutton was sole book-running manager in the offering. Rimon served as legal counsel to the SPAC. Loeb & Loeb served as counsel to EF Hutton. Read more.
