secwatch.observer — SEC 8-K summary
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Issuer:     MOBIX LABS, INC (MOBX)
CIK:        0001855467
Form:       8-K
Filed at:   2023-12-28T23:59:59+00:00
Accession:  0001104659-23-130104
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 5.06, 8.01, 5.03, 5.02, 3.02, 4.01, 3.03, 5.01, 5.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chavant completes merger with Mobix Labs, begins trading as MOBX; PIPE and EMI acquisition closed
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- On Dec 21, 2023, Chavant merged with Mobix Labs; combined company renamed Mobix Labs, Inc. and began trading Dec 22 on Nasdaq (MOBX, MOBXW).
- Post-merger shares: 26,376,280 Class A and 2,254,901 Class B common; former Mobix equity holders hold ~91.5% voting power.
- PIPE investments totaled ~$22.75M: Sage Hill $15M, Sponsor $2M (debt forgiveness), other investors $4.75M; plus non-redemption warrant issuance for 202,489 Class A shares.
- Mobix Labs also closed acquisition of EMI Solutions on Dec 18 for 964,912 shares and $2.2M cash, with $1M payable within 30 days post-closing.
- Founder and legacy holders subject to lock-up: 50% until earlier of 1-year or $12 VWAP, remaining 50% until $15 VWAP or 1 year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855467/000110465923130104/0001104659-23-130104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855467/000110465923130104/tm2333672d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-130104

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer