debt
confidence high
sentiment neutral
materiality 0.55
Mobix Labs issues $2.8M senior secured convertible note to Leviston Resources
MOBIX LABS, INC
- Gross proceeds ~$2.3M from $2.8M note; interest 10%, maturity Oct 18, 2026.
- Conversion price at lesser of June 22 close or 85% of lowest 8-day VWAP before conversion; subject to stockholder approval.
- Note issued under existing investor rights agreement; registration rights amended to cover conversion shares.
- Also filed post-effective amendment to deregister 950,000 shares previously reserved for equity line of credit.