Mobix Nearly Doubles on LOI
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Mobix Labs, Inc. (NASDAQ: MOBX) shares surged 90.3% to $3.31 after announcing a non-binding Letter of Intent to acquire Special Project Delivery LLC, which focuses on building U.S. supply chains for rare earth elements and critical minerals. This acquisition aims to enhance Mobix's role in the defense and aerospace sectors, amidst growing global investments in critical minerals infrastructure and geopolitical priorities for rare earth independence among NATO and allied nations.
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