8-K - Mobix Labs, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Mobix Labs entered into a securities purchase agreement with Leviston Resources, issuing a $3 million convertible note for $2.55 million, which bears 10% interest and matures on July 31, 2026.

Key Takeaways

1Mobix Labs issued a $3 million senior secured convertible note to Leviston Resources for $2.55 million, creating a direct financial obligation.

2The convertible note carries a 10% annual interest rate and matures on July 31, 2026, with principal and interest payable in cash unless converted earlier.

3Upon an Event of Default, all amounts owed to Leviston increase to 125% of outstanding obligations, representing a significant penalty.

4Leviston may convert principal and interest into Class A Common Stock at a price based on the lower of March 31, 2026 closing price or 85% of an 8-day VWAP.

5The company agreed to file a registration statement within 14 days to enable resale of shares issuable upon conversion of the note.

6The securities were issued without registration under exemptions from the Securities Act, including Section 4(a)(2) and Rule 506(b) of Regulation D.

Current Report Details

Event Type

Material Agreement

Financing

Securities Issuance

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

Entry into a Material Definitive Agreement.** ** ** Securities Purchase Agreement, Convertible Note and Registration Rights Agreement On March 31, 2026, Mobix L

Material Agreement

$3.0M$2.5M

2.03

. Creation of a Direct Financial Obligation.** The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Financing

3.02

Unregistered Sales of Equity Securities** ** ** The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference

Securities Issuance

Transaction Details

Material Agreement

Agreement: Securities Purchase Agreement
Parties: Mobix Labs, Inc., Leviston Resources, LLC

•Convertible Note in original principal amount of $3,000,000
•Purchase price of $2,550,000
•Registration Rights Agreement for resale of shares

Debt / Financing

Instrument: Senior secured convertible promissory note
Principal: 3000000
Rate: 10%
Maturity: 2026-07-31

Exhibits (1)

8-K