---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-127135"
form_type: "8-K"
ticker: "MOBX"
cik: "0001855467"
company_name: "MOBIX LABS, INC"
filed_at: "2023-12-19T23:59:59+00:00"
generated_at: "2026-06-07T10:48:45.446308+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Chavant Capital Acquisition Corp. enters into PIPE subscriptions and updates on business combination with Mobix Labs

## Summary
- Sage Hill Investors commits $15M PIPE at $10.00/share for 1,500,000 shares of Class A Common Stock.
- Sponsor to forgive ~$1,997,370 of Chavant obligations and forfeit 658,631 founder shares and 400,000 private warrants.
- Additional PIPE: $500,000 signed; $3.0M indicated but not yet executed; warrants to be issued.
- Minimum cash condition: at least $15M needed; Chavant in discussions to reduce expenses or withdraw redemptions.
- Warrant exercise price may adjust if Newly Issued Price < $9.20 and Market Value < $9.20 per share.

## SEC filing metadata
- accession: 0001104659-23-127135
- form_type: 8-K
- ticker: MOBX
- cik: 0001855467
- company_name: MOBIX LABS, INC
- filed_at: 2023-12-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855467/000110465923127135/0001104659-23-127135-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855467/000110465923127135/tm2333098d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-127135
- JSON: https://secwatch.observer/filing/0001104659-23-127135.json
- Plain text: https://secwatch.observer/filing/0001104659-23-127135.txt

## Key facts
- Material Agreements
  MOBIX LABS, INC entered into "Sage Hill PIPE Subscription Agreement" with Sage Hill Investors, LLC valued at $15,000,000 (effective 2023-12-18).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Sage Hill Investors, LLC
  - Value: $15,000,000
  - Effective: 2023-12-18
  source text: As of December 18, 2023, Chavant entered into a subscription agreement with Sage Hill Investors, LLC (“Sage Hill”) and Mobix Labs (the “Sage Hill PIPE Subscription Agreement”) pursuant to which Sage Hill has agreed to purchase, in a private placement to close substantially concurrently with the Closing of the Proposed Transaction, 1,500,000 shares of Class A Common Stock in cash at a price of $10.00 per share for an aggregate purchase price of $15,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855467/000110465923127135/0001104659-23-127135-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.