Mobix Labs raises $2.55M via convertible note with variable pricing, 4-month maturity

Filed April 3, 2026 · Period ending March 31, 2026 · ~1 min read

Key Changes

• high

  Company issued $3M face-value convertible note for $2.55M cash (15% discount), maturing July 31, 2026—just 4 months away. Must repay ~$3.1M in cash or rely on holder converting to equity.

  Item 1.01 verify on EDGAR →
• high

  Conversion price is variable: lower of March 31 closing price OR 85% of lowest 8-day average before conversion. Holder controls timing, creating unpredictable dilution risk if stock declines.

  Item 1.01 verify on EDGAR →
• high

  Note is senior secured (priority claim on assets), carries 10% annual interest, and includes 25% penalty if Company defaults on any covenant or obligation.

  Item 1.01 verify on EDGAR →