Mobiv Acquisition Corp’s (NASDAQ:MOBVU) Lock-Up Period Will End on January 31st

Mobiv Acquisition’s (NASDAQ:MOBVUGet Rating) lock-up period is set to expire on Tuesday, January 31st. Mobiv Acquisition had issued 8,700,000 shares in its initial public offering on August 4th. The total size of the offering was $87,000,000 based on an initial share price of $10.00. After the end of Mobiv Acquisition’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Mobiv Acquisition Trading Down 0.7 %

Shares of Mobiv Acquisition stock opened at $10.25 on Tuesday. The stock has a 50 day moving average price of $10.22. Mobiv Acquisition has a 52-week low of $10.01 and a 52-week high of $10.40.

Institutional Trading of Mobiv Acquisition

Large investors have recently bought and sold shares of the stock. Clear Street LLC acquired a new stake in Mobiv Acquisition during the 3rd quarter valued at approximately $174,000. Sage Mountain Advisors LLC acquired a new stake in Mobiv Acquisition during the 3rd quarter valued at approximately $174,000. Cubist Systematic Strategies LLC acquired a new stake in Mobiv Acquisition during the 3rd quarter valued at approximately $236,000. Parallax Volatility Advisers L.P. acquired a new stake in Mobiv Acquisition during the 3rd quarter valued at approximately $245,000. Finally, Ergoteles LLC acquired a new position in shares of Mobiv Acquisition in the 3rd quarter valued at $303,000.

Mobiv Acquisition Company Profile

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Mobiv Acquisition Corp is a blank check company. It intends to focus on businesses in the electric vehicles and urban mobility industries in Asia and Europe. The company was founded in 2022 and is based in Newark, Delaware.

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