Brief: Mobiv Acquisition Corp- Entered Into A Definitive Merger Agreement Whereby Mobiv Will Combine With Srivaru Holding Ltd.

SRIVARU Holding

13/03/2023 12:23

March 13 (Reuters) - Mobiv Acquisition Corp  MOBV.O :
    * MOBIV ACQUISITION CORP- ENTERED INTO A DEFINITIVE MERGER
AGREEMENT WHEREBY MOBIV WILL COMBINE WITH SRIVARU HOLDING LTD.
    * MOBIV ACQUISITION CORP- PRO FORMA IMPLIED ENTERPRISE VALUE
OF
COMBINED COMPANY IS APPROXIMATELY US$195 MILLION
    * MOBIV ACQUISITION CORP- UNDER DEAL, IMPLIED TOTAL
CONSIDERATION
TO SRIVARU SHAREHOLDERS WILL BE APPROXIMATELY US$409 MILLION,
ASSUMING US$10 PER SHARE

Source text for Eikon:  ID:nGNEbfPkhY 
Further company coverage:  MOBV.O 

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