secwatch.observer — SEC 8-K summary
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Issuer:     Movella Holdings Inc. (—)
CIK:        0001839132
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001193125-23-035948
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 2.03, 9.01, 5.02, 4.01, 3.02, 3.03, 5.01, 5.03, 5.05, 5.06, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Movella completes SPAC merger with Pathfinder; starts trading as MVLA on Nasdaq
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- Merger closed Feb 10, 2023; Pathfinder shareholders redeemed 28.96M shares for ~$294.2M, leaving ~$36.2M cash in trust.
- Implicit Movella pre-transaction equity value of $375M; ~50.9M shares of New Movella common stock outstanding post-closing.
- FP Credit Partners purchased $75M of New Movella stock at $10/share; also issued $75M 5-year VLN Facility at 9.25% interest PIK.
- Sponsor forfeited 4.025M shares per lock-up agreement; public shareholders own ~7% post-merger.
- Trading symbols changed from PFDR/PFDRW to MVLA/MVLAW effective Feb 13, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839132/000119312523035948/0001193125-23-035948-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839132/000119312523035948/d642454d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-035948

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer