RestructuringApr 9, 2026, 05:31 PM
MOBIX LABS Completes 1-for-10 Reverse Stock Split Effective April 6, 2026
AI Summary
MOBIX LABS, INC. (MOBX) has completed a one-for-ten (1:10) reverse stock split of its Class A and Class B Common Stock, which became effective on April 6, 2026, at 4:00 p.m. Eastern Time. This corporate action converted every ten outstanding shares into one new share, with cash being paid in lieu of any fractional shares. The reverse stock split is intended to uniformly affect all stockholders, maintaining their percentage ownership interest in the company, aside from adjustments for fractional shares, and also proportionately adjusts the company's equity incentive plan, stock options, and warrants.
Key Highlights
- MOBIX LABS, INC. implemented a one-for-ten (1:10) reverse stock split for its Class A and Class B Common Stock.
- The reverse stock split became effective on April 6, 2026, at 4:00 p.m. Eastern Time.
- The CUSIP number for the Common Stock changed to 60743G209, while the trading symbol remains "MOBX".
- No fractional shares were issued; cash will be paid to stockholders in lieu of fractional shares.
- The par value of the Common Stock, at $0.00001 per share, and the authorized number of shares of Common Stock remained unchanged.
- The reverse stock split proportionately adjusted the number of shares available under the company’s equity incentive plan and the exercise price and number of shares underlying outstanding stock options and warrants.