Mobiv Acquisition Corp Announces Pricing of $87M IPO At $10/Unit

Author: Benzinga Newsdesk | August 03, 2022 06:01pm

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.
 

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