MOBIX LABS, INC

Mobix Labs, Inc. issued a senior secured convertible promissory note with a principal amount of $2.8 million to Leviston Resources, LLC, receiving gross proceeds of approximately $2.3 million. The note carries a 10% annual interest rate and matures on October 18, 2026, with an option for Leviston to convert outstanding amounts into Class A Common Stock, subject to stockholder approval. Concurrently, the company filed a post-effective amendment to deregister 950,000 shares of Class A Common Stock related to a previous equity line of credit.

Mobix Labs filed an S-1 registration statement for the resale of 3,744,161 shares of Class A Common Stock by selling stockholders, representing about 25% of outstanding shares. The company will not receive proceeds from these sales, but may receive up to $6 million from a Preferred Warrant exercise. Recent corporate activities include securing $2.4 million in financing, settling $2.414 million in debt through share issuances, and completing a 1-for-10 reverse stock split in April 2026 to maintain Nasdaq listing. Mobix Labs is also pursuing a proposed $15 million acquisition of Vision Aerial, Inc. and plans a July 2026 stockholder meeting to approve further share issuances for financing and acquisitions.

Mobix Labs provided a business update on several corporate matters, including ongoing negotiations for a potential acquisition of Vision Aerial, Inc. The company also expects to hold a stockholder meeting in July 2026 to approve key proposals, such as the issuance of shares for a financing transaction with Kips Bay Select LP, an increase in its equity incentive plan, and the issuance of shares for future fundraising and acquisitions. Additionally, Mobix Labs anticipates seeking further capital to support M&A activities and working capital, with no definitive agreements yet in place.

Mobix Labs reported a net loss of $15.98 million for the six months ended March 31, 2026, an improvement from $22.13 million in the prior year, despite a 49.9% revenue decline to $2.85 million. The company expressed substantial doubt about its ability to continue as a going concern due to inadequate liquidity. To address this, Mobix Labs engaged in significant financing activities, including issuing convertible notes and settling $4.0 million in debt by converting it into 2.5 million shares of common stock.

Mobix Labs, Inc. amended its senior secured convertible note with Leviston Resources, LLC, increasing the principal from $3 million to $4 million in exchange for an additional $833,333 cash advance. Subsequently, the entire $4 million principal and accrued interest were converted into 2,500,000 shares of Class A Common Stock between May 12-18, 2026, fully satisfying and terminating the note and related agreements. The company also entered into an Investor Rights Agreement, granting Leviston the option to acquire up to $4.0 million in additional secured convertible notes on similar terms.

MOBIX LABS, INC. filed an S-1 registration statement to register 2,500,000 shares of Class A Common Stock for resale by Leviston Resources, LLC. These shares are issuable upon conversion of a $3,000,000 senior secured convertible promissory note. The company recently effected a 1-for-10 reverse stock split on April 6, 2026, and issued 206,876 Class A shares to satisfy $3,000,000 in debt. Additionally, MOBX issued $554,000 in convertible bridge notes and completed a public offering in January 2026, generating $5.1 million in net proceeds from 3,000,000 Class A shares. The filing also highlights the company's status as an emerging growth and smaller reporting company, and mentions a non-binding offer to acquire Peraso, Inc.

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.