Former Tesla Executive,
Poised to capture a significant share of the multi-billion-dollar Indian and global EV markets based on surging demand, state-of-the-art technologies and capital-efficient business model
Expected to commence trading on Nasdaq under new ticker symbol “SVMH” effective today,
In connection with the transaction, SRIVARU’s ordinary shares and warrants are expected to begin trading on Nasdaq under the new ticker symbols “SVMH” and “SVMHW” as of today,
Peter Bilitsch, former CEO of Mobiv and new director of the Company, stated, “We are honored to complete the merger, with SRIVARU, having received overwhelming support from the shareholders of both companies. I could not imagine anyone more qualified and capable to assume the helm of the combined companies than
SRIVARU provides affordable premium electric two-wheeled vehicles that provide an exceptional riding experience
SRIVARU becomes the first India-based, U.S.-listed electric motorcycle company
About
SRIVARU is the parent company of
Forward Looking Statements
This communication may contain a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning SRIVARU’s possible or assumed future results of operations, business strategies, debt levels, competitive position, industry environment, potential growth opportunities and the effects of regulation, including whether the business combination will generate returns for stockholders or shareholders, respectively. These forward-looking statements are based on SRIVARU’s management’s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. When used in this communication, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside SRIVARU’s management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (a) the outcome of any legal proceedings that may be instituted against SRIVARU or others following the closing of the business combination; (b) SRIVARU’s ability to continue to meet the Nasdaq’s listing standards following the consummation of the business combination; (c) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (d) continued costs related to the business combination; (e) changes in applicable laws or regulations; (f) consumers’ willingness to adopt electric vehicles and electric motorcycles in particular; (g) the possibility that SRIVARU may be adversely affected by other economic, business and/or competitive factors, geopolitical conflicts, the effects of inflation and potential recessionary conditions; (h) SRIVARU’s execution of anticipated operational efficiency initiatives, including low-cost manufacturing and distribution, and financing arrangements; and (h) other risks and uncertainties indicated from time to time in the final prospectus of Mobiv, including those under “Risk Factors” therein, and other documents filed or to be filed with the
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Email: MOBV@Crescendo-IR.com
Attachment
- SRIVARU provides affordable premium electric two-wheeled vehicles that provide an exceptional riding experience
SRIVARU provides affordable premium electric two-wheeled vehicles that provide an exceptional riding experience
SRIVARU becomes the first India -based, U.S. -listed electric motorcycle company
2023 GlobeNewswire, Inc., source