What Happened to Movella Holdings?
Ticker: MVLASPAC Year: 2021Merger: 2023
Return
-100.0%
Current Price
$0.001
Peak Price
$9.35
Trust Size
$141M
Summary
Movella Holdings made motion sensor technology and 3D motion capture systems used in entertainment, sports, and health applications. The company went public via SPAC merger in 2023 but defaulted on its debt and completed a major restructuring in 2025.
What Happened
Movella went public via SPAC in 2023. The motion sensor company quickly ran into financial trouble, defaulting on its Note Purchase Agreement. In 2025, it completed a corporate restructuring that transferred 100% equity of its subsidiary to a new entity controlled by creditors. The stock trades at $0.001/share and the company is effectively defunct as a public entity.
Timeline
2021-02-11
S-1 Registration Filed
2023-01-17
Merger Proxy Filed (DEFM14A)
2025-01-30
Last SEC Filing