Movella Holdings Inc. Finalizes Corporate Restructuring

Movella Holdings Inc. has concluded a restructuring transaction involving its subsidiary, Movella Inc., and secured lenders. The Company was released from its guarantor role under a previous Note Purchase Agreement after Movella's outstanding obligations were exchanged for 100% equity, transferred to specific FP Shareholders.

Movella Holdings Inc. now operates as MVLA Holdings, Inc. The restructuring led to a new entity, Movella Holdings NewCo, LP, owning Movella's equity. The Company retains potential financial stake through an Earnout Agreement, reliant on New Parent's sale conditions over a seven-year period.

The Company delisted from Nasdaq and is no longer public, with its sole material asset being the Earnout Agreement. Restructuring included board changes, appointing Larry Perkins as the new sole director. Equityholders remained unaffected by these structural changes.