Item 1.01. Entry Into a Material Definitive Agreement.

On January 27, 2023, Mobiv Acquisition Corp. (the "Company") entered into that certain Amendment No. 1 (the "Amendment") to the Underwriting Agreement, dated August 23, 2022 (the "Underwriting Agreement") with EF Hutton, a Division of Benchmark Investments, Inc. ("EF Hutton").

Pursuant to the terms of the Amendment, EF Hutton and the Company have agreed to amend the Underwriting Agreement to replace EF Hutton's existing right of first refusal under the Underwriting Agreement with a right of participation, for the period commencing on date of the closing of a business combination until the six (6) month anniversary thereof, as an investment banker, joint book-runner, and/or placement agent for no less than thirty percent (30%) of the total economics for each and every domestic U.S. public and private equity and equity-linked offering of the Company.

A copy of the Amendment to the Underwriting Agreement is attached as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated by referenced herein.

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