QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) | |
(Address of principal executive offices) |
(Zip Code) |
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
Large accelerated filer |
☐ |
Accelerated filer |
☐ | |||
Non-accelerated filer |
☒ |
Smaller reporting company |
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Emerging growth company |
Page |
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Item 1. |
1 |
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1 |
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2 |
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3 |
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4 |
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5 |
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Item 2. |
16 |
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Item 3. |
18 |
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Item 4. |
18 |
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Item 1. |
19 |
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Item 1A. |
19 |
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Item 2. |
19 |
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Item 3. |
20 |
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Item 4. |
20 |
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Item 5. |
20 |
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Item 6. |
21 |
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22 |
ASSETS |
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Current asset—cash |
$ | |||
Deferred offering costs |
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TOTAL ASSETS |
$ |
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LIABILITIES AND STOCKHOLDERS’ EQUITY |
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Current liabilities |
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Accrued expenses |
$ | |||
Accrued offering costs |
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Promissory note – related party |
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Total Current Liabilities |
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Commitments (Note 6) |
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Stockholders’ Equity |
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Preferred stock, $ |
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Class A common stock, $ |
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Class B common stock, $ |
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Additional paid-in capital |
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Accumulated deficit |
( |
) | ||
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Total Stockholders’ Equity |
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TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |
$ |
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FOR THE THREE MONTHS ENDED JUNE 30, 2022 |
FOR THE PERIOD FROM JANUARY 7, 2022 (INCEPTION) TO JUNE 30, 2022 |
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Formation and operating costs |
$ | $ | ||||||
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Net Loss |
$ |
( |
) |
$ |
( |
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Weighted average shares outstanding, basic and diluted |
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Basic and diluted net loss per common stock |
$ |
( |
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$ |
( |
) | ||
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Class B |
Additional |
Total |
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Common Stock |
Paid-in |
Accumulated |
Stockholders’ |
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Shares |
Amount |
Capital |
Deficit |
Equity |
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Balance — January 7, 2022 (Inception) |
$ | $ | $ | $ | ||||||||||||||||
Issuance of Class B common stock to Initial Stockholders |
— | |||||||||||||||||||
Net loss |
— | — | — | ( |
) | ( |
) | |||||||||||||
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Balance — March 31, 2022 |
$ |
$ |
$ |
( |
) |
$ |
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Net loss |
— | — | — | ( |
) | ( |
) | |||||||||||||
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Balance — June 30, 2022 |
$ |
$ |
$ |
( |
) |
$ |
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Cash Flows from Operating Activities: |
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Net loss |
$ | ( |
) | |
Adjustments to reconcile net loss to net cash used in operating activities: |
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Changes in operating assets and liabilities: |
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Accrued expenses |
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Net cash used in operating activities |
( |
) | ||
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Cash Flows from Financing Activities: |
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Proceeds from issuance of Class B common stock to initial stockholders |
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Proceeds from promissory note – related party |
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Payment of offering costs |
( |
) | ||
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Net cash provided by financing activities |
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Net Change in Cash |
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Cash – beginning of period |
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Cash – end of period |
$ |
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Supplemental disclosures of non-cash investing and financing activities: |
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Deferred offering costs included in accrued offering costs |
$ | |||
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Deferred offering costs included in promissory note – related party |
$ | |||
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• | in whole and not in part; |
• | at a price of $ |
• | upon a minimum of |
• | if, and only if, the last reported sale price of the Class A Common Stock equals or exceeds $ |
* | Filed herewith. |
** | Furnished. |
MOBIV ACQUISITION CORP | ||||||
Date: September 15, 2022 | By: | /s/ Peter Bilitsch | ||||
Name: | Peter Bilitsch | |||||
Title: | Chief Executive Officer and Director (Principal Executive Officer) |
Date: September 15, 2022 |
By: |
/s/ Weng Kiat (Adron) Leow | ||||
Name: |
Weng Kiat (Adron) Leow | |||||
Title: |
Chief Financial Officer and Director (Principal Financial and Accounting Officer) |