Mobix Labs receives Nasdaq minimum bid price deficiency notice; delisting risk

MOBIX LABS, INC

Received Nasdaq notice on Nov 18, 2024 for failure to maintain $1.00 minimum bid price per share.
Has 180 calendar days to regain compliance by closing bid price >=$1.00 for 10 consecutive business days.
May seek additional 180-day period by transferring to Nasdaq Capital Market if initial period expires.
Previously disclosed Aug 9, 2024 notice for non-compliance with Market Value of Listed Securities rule.
Company intends to monitor bid price and evaluate options; no assurance of regaining compliance.

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