Exhibit 99.1
Mobiv Acquisition Corp Announces Extension of Deadline to Complete Business Combination
DELAWARE, USA, August 8, 2023 Mobiv Acquisition Corp (Nasdaq: MOBVU, MOBV, MOBVW) (the Company), a special purpose
acquisition company, announced today that, on August 7, 2023, it notified the trustee of the Companys trust account that it was extending the time available to the Company to consummate an initial business combination from August 8,
2023 to September 8, 2023 (the Extension). The Extension is the fourth of up to nine one-month extensions permitted under the Companys governing documents. In connection
with such Extension, Mobiv Pte. Ltd. (the Sponsor) will deposit an aggregate of $100,000.00 into the Companys trust account on or before August 8, 2023, on behalf of the Company.
About Mobiv Acquisition Corp
Mobiv Acquisition Corp is a
newly incorporated blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with a target business. Mobiv may pursue a business combination
target in any industry or geographic region and will invest using the lens of the UN Sustainable Development Goals, which reflect social and environmental mega-trends that are re-shaping our world.
https://mobiv.ac/.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains statements that constitute forward-looking statements, including with respect to the Companys search for an
initial business combination. No assurance can be given as to the consummation of any business combination or the terms thereof. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company,
including those set forth in the Risk Factors section of the Companys registration statement and prospectus for the initial public offering filed with the SEC. Copies are available on the SECs website, www.sec.gov. The Company undertakes
no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Investor & Media
Contact
Crescendo Communications, LLC
Tel: (212) 671-1020
Email: MOBV@Crescendo-IR.com