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Mobix Labs Announces Amendment to Senior Secured Convertible Note and Entry into Investor Rights Agreement with Leviston Resources
IRVINE, Calif., May 14, 2026--Mobix Labs, Inc. (Nasdaq: MOBX) today announced that, on May 13, 2026, it entered into agreements with Leviston Resources, LLC (i) amending the Company's existing senior secured convertible note (the "Convertible Note") to increase the principal amount from $3.0 million to $4.0 million in exchange for an additional cash advance of approximately $833,000, and (ii) granting Leviston the right, but not the obligation, to acquire, over a seven-month period, additional s
About this update from Mobix Labs, Inc.
[{"type":"text","content":"IRVINE, Calif., May 14, 2026--(BUSINESS WIRE)--Mobix Labs, Inc. (Nasdaq: MOBX) today announced that, on May 13, 2026, it entered into agreements with Leviston Resources, LLC (i) amending the Company's existing senior secured convertible note (the "Convertible Note") to increase the principal amount from $3.0 million to $4.0 million in exchange for an additional cash advance of approximately $833,000, and (ii) granting Leviston the right, but not the obligation, to acquire, over a seven-month period, additional senior secured convertible notes of up to $4.0 million in aggregate principal amount on terms substantially similar to the Convertible Note and secured on a pari passu basis. The material terms of the Convertible Note, including its variable conversion price formula, were previously disclosed in the Company's Current Report on Form 8-K filed with the SEC on April 3, 2026. Additional detail will be set forth in the Company's Quarterly Report on Form 10-Q.","length":996,"tagName":"p"},{"type":"text","content":"Forward-Looking Statements","length":26,"tagName":"p"},{"type":"text","content":"This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the potential issuance of additional senior secured convertible notes under the Investor Rights Agreement, the Company's anticipated use of proceeds from such issuances, the pari passu status of any additional notes, the Company's intended SEC filings, and the satisfaction of conditions to any additional closings. Words such as "anticipate," "believe," "expect," "intend," "may," "plan," "will," "would," and similar expressions are intended to identify forward-looking statements. These statements are based on the Company's current expectations and assumptions and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied, including, but not limited to: whether the Investor elects to exercise, in whole or in part, its rights under the Investor Rights Agreement; the dilutive effect on existing stockholders of...