secwatch.observer — SEC 8-K summary
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Issuer:     MOBIX LABS, INC (MOBX)
CIK:        0001855467
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001104659-24-005939
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 3.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855467/000110465924005939/0001104659-24-005939-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855467/000110465924005939/tm242376d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-005939

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