SRIVARU Holding Received Nasdaq Panel Decision on Delisting Notice & Company AppealedGRAND CAYMAN, Cayman Islands, Jan. 21, 2025 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited, an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “Company”), issued a press release on January 21, 2025, announcing that it had received a determination from Nasdaq on January 17, 2025, to delist the Company’s shares for failure to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq’s Marketplace Rule 5450(a)(1). The Company’s ordinary shares began trading on a reverse share split adjusted basis on Nasdaq as of the open of trading on January 15, 2025, but failed to close with a bid price greater than $1.00. The Company formally appealed the Nasdaq’s determination on January 20, 2025, and is awaiting the Nasdaq’s response. Notwithstanding the appeal, the Company has been notified that trading in the Company’s ordinary shares will be suspended at the open of trading on January 22, 2025.
SVM Day 2025: SVM Day Summary – Celebrating Innovation and GrowthGRAND CAYMAN, Cayman Islands, Jan. 15, 2025 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH) (“SRIVARU” or the “Company”), a leading name in EV motorcycle innovation, is thrilled to announce the successful commencement of its much-anticipated annual event, SVM Day. This event marks the company’s continued commitment to shaping the future of personal mobility through cutting-edge technology, sustainability, and user-centric design. This SVM Day brought together stakeholders, customers, and enthusiasts to celebrate innovation, showcase achievements, and outline the company’s exciting vision for the future.
“Trump’s Policies Bullish for: SVMH, BTTC, AGRI, XTIA, RJDG Sparking Market Buzz ”Donald Trump's economic policies and regulatory stances have historically had a significant impact in sectors like energy, manufacturing, bitcoin and technology. With renewed speculation about potential policy shifts, investors are eyeing penny stocks that could thrive under a pro-business, deregulation-driven environment. These low-priced stocks offer high-growth potential and align with industries likely to benefit from bullish market conditions fostered by Trump's agenda.
SRIVARU (SVMH) Begins PRANA 2.0 Vehicle Deliveries and Revenue GenerationGRAND CAYMAN, CAYMAN ISLANDS / ACCESSWIRE / October 14, 2024 / SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) ("SRIVARU" or the "Company"), a manufacturer of premium electric motorcycles, today announced the commencement of customer deliveries for its PRANA 2.0 models, including the PRANA Grand and PRANA Elite. This milestone also signifies the beginning of the Company's revenue generation phase.
SRIVARU (SVMH) Secures Approval from India's Road Transport Authority for PRANA 2.0, Achieving Final Federal Technical Compliance: Paving the Way for Vehicle DeliveriesGRAND CAYMAN, CAYMAN ISLANDS / ACCESSWIRE / October 9, 2024 / SRIVARU Holding Limited (
NASDAQ:SVMH)(
NASDAQ:SVMHW) ("SRIVARU" or the "Company"), a manufacturer of premium electric motorcycles, announced today that it has successfully obtained certification from India's Central Motor Vehicles Rules (CMVR) agency for PRANA 2.0 models, which include the PRANA Grand and PRANA Elite. This regulatory approval marks a significant achievement in SRIVARU's mission to deliver innovative, eco-friendly transportation solutions to the rapidly expanding electric two-wheel vehicle market in India.
MicroCap Rodeo’s Spring into Summer Conference, June 6th 2024 - 25 Presenting CompaniesNEW YORK, NY / ACCESSWIRE / June 6, 2024 / Today the MicroCap Rodeo - Spring into Summer will take place in-person on Thursday, June 6th, 2024 and host the executive management teams of 25 microcap companies.
InvestorNewsBreaks – SRIVARU Holding Limited (NASDAQ: SVMH), Mobiv Acquisition Corp Complete Business Combination, Commence TradingSRIVARU Holding (
NASDAQ: SVMH), a commercial-stage provider of premium electric motorcycles, has completed its recent business combination with Mobiv Acquisition Corp. (
NASDAQ: MOBV) . According to the announcement, Mohanraj Ramasamy, a former Tesla executive, has been named CEO of the combined companies. Shares of the new company are expected to start trading on NASDAQ today under ticker symbol SVMH. The new company combines state-of-the-art technologies and a capital-efficient business model. “We look forward to the next phase of our journey within the U.S. capital markets,” said SRIVARU Holding CEO Mohanraj Ramasamy in the press release. “We believe our unique business model will drive significant value for our shareholders in the years ahead, given the sheer size of the Indian market, coupled with our global expansion plans. The Indian market alone is forecast to exceed $36 billion by 2027. Moreover, the EV segment is projected to reach 45% to 50% of the overall market by 2030. Having developed India’s fastest mass-production electric motorcycle on the road, featuring state-of-the-art technologies, we are well positioned to capture a significant share of the overall EV market. Moreover, we have developed a lean and capital-efficient business model, including highly scalable, low-cost manufacturing, assembly and distribution, to support high product margins. We plan to provide more detailed business updates in the weeks ahead, including an investor webinar, in which we plan to discuss our plans for accelerated commercialization.”
