Mobix Labs Announces Public Equity Offering for Working Capital
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Mobix Labs, Inc. has announced a public equity offering of 30 million shares of Class A common stock at $0.20 per share, aiming to raise approximately $5.135 million for working capital and corporate purposes. The company has engaged D. Boral Capital LLC as the placement agent and will implement measures to manage dilution, including lock-up agreements for executives. Analysts rate MOBX stock as a Hold with a $0.50 price target, but caution investors due to high leverage and negative equity, indicating significant financial challenges ahead.
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