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Stock impact report

Mobix Labs Secures $100 Million Committed Equity Facility

Mobix Labs, Inc. - Class A (MOBX) 
Company Research Source: Business Wire
Capital Enhances Financial Flexibility for Future Growth and M&A Strategy IRVINE, Calif.--(BUSINESS WIRE)--Mobix Labs Inc. (Nasdaq: MOBX) (“Mobix Labs”), a fabless semiconductor company developing disruptive next-generation connectivity solutions that span from wired to next-generation wireless solutions, including 5G, today announced that it has entered into a $100 million common stock purchase agreement (the “agreement”) with B. Riley Principal Capital II, LLC (“B. Riley”).Under this agreement, B. Riley has committed to purchasing, subject to the satisfaction of certain conditions, up to $100 million of Mobix Labs Class A common stock (the “common stock”), with the per share price to be determined based on market prices. Mobix Labs is under no obligation to sell its common stock under the agreement, and the timing of any sales, are solely at the discretion of Mobix Labs. The price, amount, and maximum number of shares of common stock sold per sale will be determined by the terms Show less Read more
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