- Mobix Labs (NASDAQ:MOBX) has entered into a $100M common stock purchase agreement with B. Riley Principal Capital II.
- Under this agreement, B. Riley has committed to purchasing, subject to the satisfaction of certain conditions, up to $100M of Mobix Labs Class A common stock, with the per share price to be determined based on market prices.
- “This strategic financing is anticipated to enable us to expedite the realization of our growth strategy, particularly in the development of disruptive mmWave 5G and C-Band wireless solutions.” said Mobix Labs’ CEO, Fabian Battaglia.
- The price, amount, and maximum number of shares of common stock sold per sale will be determined by the terms of the agreement.
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Wednesday, April 30
Mobix Labs secures $100M committed equity facility
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