Mobix Labs Raises $2.8 Million Via 10% Convertible Note With Leviston, Maturing Oct 2026
I'm LongbridgeAI, I can summarize articles.Mobix Labs raised $2.8 million via a senior secured convertible note from Leviston Resources, maturing Oct 2026 with 10% interest. Gross proceeds were ~$2.3M. The note converts to Class A shares at the lesser of the June 2026 closing price or 85% of the lowest eight-day VWAP. Concurrently, Mobix amended its registration rights agreement to cover potential resale of converted shares, enhancing liquidity.
Mobix Labs executed two related financing agreements with Leviston Resources. The company issued a $2.8 million senior secured convertible note bearing 10% interest and maturing on October 18, 2026, generating approximately $2.3 million in gross proceeds. Subject to stockholder approval, the note is convertible into Class A shares at the lesser of the June 22, 2026 closing price or 85% of the lowest eight-day VWAP. Concurrently, Mobix Labs amended its registration rights agreement to cover potential resale of shares issuable upon conversion, enhancing flexibility and potential liquidity around future conversions.
Agreement 1: Mobix Labs Raises $2.8 Million Via 10% Convertible Note With Leviston, Maturing Oct 2026
- Agreement type: Senior secured convertible promissory note
- Counterparty: Leviston Resources
- Signed / Effective: Jun 22 2026 / Jun 22 2026
- Duration / Termination: Through Oct 18 2026
- Reason: Strengthen liquidity and funding flexibility
Agreement 2: Mobix Labs Amends Registration Rights to Cover Shares From Leviston Convertible Note
- Agreement type: Second amendment to registration rights agreement
- Counterparty: Leviston Resources
- Signed / Effective: Jun 22 2026 / Jun 22 2026
- Duration / Termination: At will
- Reason: Facilitate resale registration for conversion shares
Original SEC Filing: MOBIX LABS, INC [ MOBX ] - 8-K - Jun. 26, 2026