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Mobix Labs to issue $1.2M senior secured convertible note for $1.18M

Mobix Labs logoMobix Labs
Sig2.25Sen+2.60Env0.00Soc0.00Gov0.00

Mobix Labs entered into a securities purchase agreement to issue a senior secured convertible promissory note with Leviston Resources LLC. The note has an original principal amount of $1.2 million and an original issue discount of 16.667%, providing $1.18 million in gross proceeds on August 28, 2026. It bears 10% annual interest and matures December 28, 2026, with conversion into Class A shares subject to stockholder approval and a specified conversion-price formula.

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