---
title: "Mobix Labs Lifts Note to $4M, Adds $4M Option; Terminates Note After Share Conversion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286952174.md"
description: "Mobix Labs amended its senior secured convertible note with Leviston Resources to $4 million and established an Investor Rights Agreement for an additional $4 million in notes. Leviston converted the note into 2,500,000 shares of Class A Common Stock, leading to the termination of the note and related agreements without exit fees. These actions enhance liquidity and maintain funding flexibility."
datetime: "2026-05-19T18:03:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286952174.md)
  - [en](https://longbridge.com/en/news/286952174.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286952174.md)
---

# Mobix Labs Lifts Note to $4M, Adds $4M Option; Terminates Note After Share Conversion

Mobix Labs expanded its financing with Leviston Resources by amending its senior secured convertible note to $4 million on May 13, 2026 and establishing an Investor Rights Agreement that allows up to $4 million in additional notes over seven months. Subsequently, between May 12 and May 18, 2026, Leviston converted all outstanding principal and accrued interest into 2,500,000 shares of Class A Common Stock, and Mobix Labs terminated the note, the Securities Purchase Agreement, and the Registration Rights Agreement without exit fees. The actions bolster liquidity while preserving flexibility for potential follow-on funding.

**Agreement 1: Mobix Labs Expands Convertible Note With Leviston to $4 Million via First Amendment**

-   **Agreement type**: First Amendment increasing senior secured convertible promissory note
-   **Counterparty**: Leviston Resources
-   **Signed / Effective**: May 13 2026 / same
-   **Duration / Termination**: At will
-   **Reason**: Increase liquidity and raise additional capital

**Agreement 2: Mobix Labs Grants Leviston Option for Up to $4 Million in Additional Notes**

-   **Agreement type**: Investor Rights Agreement for additional secured convertible notes
-   **Counterparty**: Leviston Resources
-   **Signed / Effective**: May 13 2026 / same
-   **Duration / Termination**: Seven months
-   **Reason**: Provide potential follow-on funding flexibility

**Agreement 3: Mobix Labs Fully Converts and Terminates $4 Million Convertible Note With Leviston**

-   **Agreement terminated**: Senior secured convertible promissory note
-   **Counterparty**: Leviston Resources
-   **Original agreement date**: Mar 31 2026
-   **Termination date**: May 18 2026
-   **Termination type**: Early
-   **Exit fees / payments**: None
-   **Reason**: Obligations satisfied through conversion into common stock

**Agreement 4: Mobix Labs Ends Securities Purchase Agreement With Leviston Following Note Conversion**

-   **Agreement terminated**: Securities Purchase Agreement (as amended)
-   **Counterparty**: Leviston Resources
-   **Original agreement date**: Mar 31 2026
-   **Termination date**: May 18 2026
-   **Termination type**: Early
-   **Exit fees / payments**: None
-   **Reason**: Terminated upon full conversion and satisfaction of note

**Agreement 5: Mobix Labs Terminates Registration Rights Agreement After Conversion and Resale**

-   **Agreement terminated**: Registration Rights Agreement
-   **Counterparty**: Leviston Resources
-   **Original agreement date**: Mar 31 2026
-   **Termination date**: May 18 2026
-   **Termination type**: Early
-   **Exit fees / payments**: None
-   **Reason**: No longer needed following conversion and resale

Original SEC Filing: MOBIX LABS, INC \[ MOBX \] - 8-K - May. 19, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [MOBX.US](https://longbridge.com/en/quote/MOBX.US.md)
- [MOBXW.US](https://longbridge.com/en/quote/MOBXW.US.md)

## Related News & Research

- [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md)
- [OceanPal Inc. Announces 2026 Annual General Meeting of Shareholders to be Held on June 16, 2026 | SVRN Stock News](https://longbridge.com/en/news/286308382.md)
- [Keysight Technologies Reports Second Quarter 2026 Results | KEYS Stock News](https://longbridge.com/en/news/286959830.md)
- [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md)
- [Crombie Reit Announces May 2026 Monthly Distribution | CROMF Stock News](https://longbridge.com/en/news/286603129.md)