8-K
filed January 12, 2023, 6:59 PM ET
ticker MOBX
CIK 0001855467
other material
confidence high
sentiment neutral
materiality 0.75
MOBIX LABS, INC (MOBX): debt financing — Chavant Capital extends business combination deadline to July 22, 2023; secures $300K convertible note from sponsor
MOBIX LABS, INC
- Shareholders approved extension of deadline for initial business combination from Jan 22, 2023 to July 22, 2023.
- Issued unsecured convertible note to sponsor for up to $300,000; proceeds fund working capital and trust deposits.
- 96,991 ordinary shares redeemed for pro rata trust proceeds in connection with the extension vote.
- Initial trust deposit of $42,802.10 made ($0.05 per non-redeeming public share per month).
- Note is interest-free, convertible into private placement warrants at $1.00 per warrant upon business combination.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
MOBIX LABS, INC incurred convertible notes of up to $300,000 with Chavant Capital Partners LLC maturing the earlier of (i) five business days after the closing of the initial business combination and (ii) July 31, 2024.
- Instrument
- convertible notes
- Principal
- up to $300,000
- Counterparty
- Chavant Capital Partners LLC
- Maturity
- the earlier of (i) five business days after the closing of the initial business combination and (ii) July 31, 2024
- Event
- incurrence
Exact text from the filing
issued an unsecured convertible note (the “Promissory Note”) in the aggregate principal amount of up to $300,000 to its sponsor
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
MOBIX LABS, INC: Extended the date to consummate an initial business combination from January 22, 2023 to July 22, 2023 by amending the Amended and Restated Memorandum and Articles of Association (effective 2023-01-06).
- Change
- charter amendment
- Effective
- 2023-01-06
Exact text from the filing
On January 6, 2023, the Company held an Extraordinary General Meeting of shareholders, to obtain shareholder approval of the extension of the date by which the Company must consummate an initial business combination from January 22, 2023 to July 22, 2023 (the “Extended Date”) by amending the Company’s Amended and Restated Memorandum and Articles of Association (the “Extension Amendment”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
MOBIX LABS, INC entered into Promissory Note with Chavant Capital Partners LLC (the Sponsor) valued at up to $300,000 (effective 2023-01-06).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Chavant Capital Partners LLC (the Sponsor)
- Value
- up to $300,000
- Effective
- 2023-01-06
Exact text from the filing
On January 6, 2023, Chavant Capital Acquisition Corp. (the “Company” or “Chavant”) issued an unsecured convertible note (the “Promissory Note”) in the aggregate principal amount of up to $300,000 to its sponsor, Chavant Capital Partners LLC (the “Sponsor”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MOBIX LABS, INC shareholders approved Extension Amendment Proposal at the 2023-01-06 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-01-06
Exact text from the filing
Set forth below are the voting results for the Extension Amendment Proposal: For Against Abstain Broker Non-Votes 2,694,454 18,562 0 0
View on SEC.gov
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