Mobix Labs completes de-SPAC merger with Chavant; trading starts Dec 22 under MOBX

MOBIX LABS, INC

Business combination closed Dec 21, 2023; Chavant renamed Mobix Labs, Inc.
Common stock and warrants to trade on Nasdaq starting Dec 22 under 'MOBX' and 'MOBXW' respectively.
PIPE investments total ~$21.75M: Sage Hill $15M, Sponsor $2M (debt forgiveness), other investors $4.75M.
Sponsor received warrants for 272,454 shares at $0.01; forfeited 658,631 founder shares and 400,000 private warrants.
Non-redemption agreement: 73,706 shares withdrawn from redemption; 667,907 shares redeemed for pro rata trust funds.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MOBIX LABS, INC entered into Sponsor PIPE Subscription Agreement with the Sponsor valued at 199,737 shares of Class A Common Stock at a price of $10.00 per share for an aggregate purchase pric (effective 2023-12-19).

Action: entry
Agreement: equity purchase
Counterparty: the Sponsor
Value: 199,737 shares of Class A Common Stock at a price of $10.00 per share for an aggregate purchase pric
Effective: 2023-12-19

Exact text from the filing

On December 19, 2023, Chavant entered into the subscription agreement (the “Sponsor PIPE Subscription Agreement”) with the Sponsor

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MOBIX LABS, INC entered into Sponsor Letter Agreement with the Sponsor valued at forgave approximately $1,997,370 of aggregate outstanding obligations (effective 2023-12-20).

Action: entry
Counterparty: the Sponsor
Value: forgave approximately $1,997,370 of aggregate outstanding obligations
Effective: 2023-12-20

Exact text from the filing

On December 20, 2023, Chavant also entered into a Sponsor Letter Agreement with the Sponsor (the “Sponsor Letter Agreement”)

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MOBIX LABS, INC entered into Sponsor Warrant with the Sponsor valued at warrant to purchase 272,454 shares of Mobix Labs Stock at an exercise price of $0.01 per share (effective 2023-12-19).

Action: entry
Agreement: equity purchase
Counterparty: the Sponsor
Value: warrant to purchase 272,454 shares of Mobix Labs Stock at an exercise price of $0.01 per share
Effective: 2023-12-19

Exact text from the filing

Mobix Labs issued to the Sponsor a warrant to purchase 272,454 shares of Mobix Labs Stock at an exercise price of $0.01 per share, exercisable upon the closing of the Sponsor PIPE Subscription Agreement (the “Sponsor Warrant”)

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MOBIX LABS, INC filing history →

Source: SEC EDGAR

accession 0001104659-23-129265

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