debt
confidence high
sentiment neutral
materiality 0.60
Mobix Labs raises $1.85M via convertible note, loan, and equity sale; corrects conversion terms on Lendspark note
MOBIX LABS, INC
- $550k Lendspark note convertible at any time into 2.5M shares at $0.70/share; 150k commitment shares issued.
- $600k Maxim loan secured by all assets; 93,750 commitment shares and 1.5M shares pledged as collateral.
- Equity investment of ~$1.0M from accredited investor at $0.95/share; warrant for 500k shares at $0.96 exercisable for 3 years.
- Amendment corrects prior error: Lendspark note is convertible at any time, not only on default.
item 3.02