Mobix Labs enters $100M committed equity facility with B. Riley

MOBIX LABS, INC

Up to $100M of Class A common stock can be sold to B. Riley at company's discretion over 36 months.
Purchase price set at 3% discount to VWAP; threshold price of $0.50 per share applies.
Commitment fee of $1.5M (1.5% of aggregate commitment) payable to B. Riley.
Company cites use for growth, M&A, and development of mmWave 5G and C-Band wireless solutions.
Shares sold will be unregistered, relying on Section 4(a)(2) and Regulation D.

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 Common Stock Purchase Agreement with B. Riley Principal Capital II, LLC valued at up to $100,000,000 (effective 2024-03-18).

Action: entry
Agreement: equity purchase
Counterparty: B. Riley Principal Capital II, LLC
Value: up to $100,000,000
Effective: 2024-03-18

Exact text from the filing

On March 18, 2024, Mobix Labs, Inc. (the “ Company ”) entered into a Common Stock Purchase Agreement (the “ Purchase Agreement ”) and a related Registration Rights Agreement (the “ Registration Rights Agreement ”), each dated as of March 18, 2024, with B. Riley Principal Capital II, LLC (“ B. Riley Principal Capital II ”).

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MOBIX LABS, INC filing history →

Source: SEC EDGAR

accession 0001213900-24-023741

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