MOBX · Mobix Labs, Inc.

The one-for-ten reverse stock split is a material capital structure action that directly impacts share count, liquidity profile, and warrant economics. While it does not alter the Company’s underlying financial position or proportional ownership (except for fractional cash settlements), it signals management’s intent to align share price with exchange listing standards or investor expectations—common precursors to uplisting or institutional eligibility. The split triggers automatic, proportionate adjustments to all outstanding equity-linked instruments, including 600,000 public warrants and 340,000 private placement warrants, reducing their coverage to 0.1 shares each and raising their effective exercise cost per underlying share. Because the par value ($0.00001) and authorized share count remain unchanged, no new shares are created nor retired beyond the mechanical conversion; however, the reduction in outstanding shares may affect per-share metrics in future filings and could influence index eligibility or ETF inclusion criteria. The Board’s March 25, 2026 determination and April 2, 2026 notice to stockholders confirm deliberate governance oversight, and the Delaware filing on April 2 with April 6 effectiveness reflects strict adherence to statutory timing requirements under DGCL Section 242. Investors should update custodial records, reconcile warrant positions, and monitor post-split trading volume and bid-ask spreads for signs of liquidity impact.