Warrant strike cut 50% to $5.79; director change and $3M placement by new director Long

MOBIX LABS, INC

Warrant exercise price adjusted from $11.50 to $5.79; redemption trigger lowered from $18.00 to $9.06.
Adjustment driven by business combination issuance at $5.03/share and 10-day VWAP of $4.93.
Director Jiong Ma resigned Jan 22; Michael Long appointed as Class III director, former Arrow Electronics CEO.
Michael Long purchased 300,000 shares at $10/share in a $3M private placement with price adjustment clause.
Long's subscription agreement includes additional shares if 30-day VWAP after registration effective date falls below $10 (floor $7).

item 3.03 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Jiong Ma

Director

MOBX · MOBIX LABS, INC

Effective: 2024-01-22
Filed: January 23, 2024, 6:59 PM ET

Dr. Ma resigned from the Company’s Board of Directors (the “Board”) as a director, effective January 22, 2024.

Appointed

Michael Long

Class III Director

MOBX · MOBIX LABS, INC

Effective: 2024-01-22
Filed: January 23, 2024, 6:59 PM ET

On January 22, 2024, the Board appointed Mr. Michael Long as a Class III director of the Board effective immediately for a term expiring at the 2026 Annual Meeting of Stockholders.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jiong Ma resigned as Director at MOBIX LABS, INC.

Action: resigned
Role: Director

Exact text from the filing

Dr. Ma resigned from the Company’s Board of Directors (the “Board”) as a director, effective January 22, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Long was appointed as Class III Director at MOBIX LABS, INC.

Action: appointed
Role: Class III Director

Exact text from the filing

On January 22, 2024, the Board appointed Mr. Michael Long as a Class III director of the Board effective immediately for a term expiring at the 2026 Annual Meeting of Stockholders.

View on SEC.gov

MOBIX LABS, INC filing history →

Source: SEC EDGAR

accession 0001104659-24-005939

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