secwatch.observer — SEC 8-K summary
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Issuer:     MOBIX LABS, INC (MOBX)
CIK:        0001855467
Form:       8-K
Filed at:   2023-12-19T23:59:59+00:00
Accession:  0001104659-23-127135
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855467/000110465923127135/0001104659-23-127135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855467/000110465923127135/tm2333098d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-127135

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