Mobix Labs to acquire RaGE Systems for up to $20M in cash, stock, and earn-outs

MOBIX LABS, INC

Total consideration: ~$2M cash + ~$10M stock + up to $8M earn-out over eight fiscal quarters.
Deal expected to close in May 2024; RaGE Systems specializes in 5G, mmWave, and defense RF products.
CEO Fabian Battaglia says acquisition will immediately increase Mobix Labs revenue and EPS.
Acquisition expands Mobix Labs' mmWave 5G capabilities and global expansion strategy.

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