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Mobix Labs Extinguishes $4M Convertible Debt
IRVINE, Calif.--(BUSINESS WIRE)-- Mobix Labs, Inc. (Nasdaq: MOBX) today announced that it has fully extinguished its $4 million convertible note with
About this update from Mobix Labs, Inc.
[{"type":"text","content":" IRVINE, Calif.--(BUSINESS WIRE)--\nMobix Labs, Inc. (Nasdaq: MOBX) today announced that it has fully extinguished its $4 million convertible note with Leviston Resources, LLC. All shares issued upon conversion have been registered and resold by Leviston pursuant to the Company's effective Registration Statement on Form S-1.\n\n\nThe Company also entered into an Investor Rights Agreement granting Leviston the right, but not the obligation, to acquire up to $4 million in additional convertible notes over a seven-month period on substantially similar terms.\n\n\nAdditional information is available in the Company's Current Report on Form 8-K filed today with the Securities and Exchange Commission.\n\n\nForward-Looking Statements\n\n\nThis press release contains forward-looking statements within the meaning of the federal securities laws. These statements are subject to risks and uncertainties, and actual results may differ materially. Please see the Company's filings with the SEC for a discussion of risk factors. The Company undertakes no obligation to update these statements except as required by law.\n\n\nFollow us on X: @MobixLabs_MOBX\nFollow on StockTwits: MobixLabs\nFollow us on LinkedIn: Mobix Labs\n\nView source version on businesswire.com: https://www.businesswire.com/news/home/20260519135729/en/\nMOBX Investor Relations Contacts\nChris Eddy or David Collins\nCatalyst IR\[email protected] or 212-924-9800\nSource: Mobix Labs, Inc.","length":3314,"tagName":"div"}]