debt
confidence high
sentiment neutral
materiality 0.70
Mobix Labs raises $1M via convertible note to Leviston; issues Series A Preferred to Kips; Class B shares eliminated
MOBIX LABS, INC
- Issued senior secured convertible note to Leviston: $1.2M principal for $1M purchase price, 10% interest, matures Dec 25, 2026.
- Kips Bay Select: sold 1,000 shares of Series A 10% Convertible Preferred for $1,000 gross proceeds (per filing); warrant for 6,000 more at $1,000/share.
- Issued 834,782 Class A shares to Kips as extension consideration for amendments to purchase agreement.
- All Class B Common Stock converted to Class A; Class B 10-votes-per-share right and separate director election rights terminated.
- Board increased from 5 to 8; Goerner, Samini, Peterson reappointed; Peterson named Executive Chairman.