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-0.000105285323225931 -0.0105285323225942 0.0105285323225942 0.0153716571909875 0.0791745630659088 0.0686460307433145 0.0528532322594231 0.0579069277742684
Stock impact report

Mobix Labs Plans Aggressive Buyouts After Breakout Revenue Year [Yahoo! Finance]

Mobix Labs, Inc. - Class A (MOBX) 
Company Research Source: Yahoo! Finance
The Irvine, California-based semiconductor firm, which supplies connectivity technologies for aerospace, defense, and 5G markets, said the plan will expand its reach and add new revenue streams. The company has secured more than $100 million through a shelf registration and an equity line of credit to support its efforts. That leadership views the available capital as an opportunity to move quickly on acquisitions in industries undergoing rapid change. Phil Sansone , Chief Executive Officer, said Mobix Labs is prepared to act decisively on opportunities that could strengthen its market position. “Mobix Labs is going on offense with a focused acquisition program designed to strengthen our market position and accelerate growth,” he said, noting that the company's goal is to create long-term value for shareholders. Also Read: Peraso Soars Over 80% As Mobix Labs Boosts Buyout Bid, Wins Rail Tech Deal Sansone pointed to defense modernization, aerospace development, and wireless exp Show less Read more
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