Mobix Labs converts $4M debt to 2.5M shares, grants investor option for $4M more financing

Filed May 19, 2026 · Period ending May 13, 2026 · ~1 min read

Key Changes

• high

  Company increased convertible note from $3M to $4M, received $833K cash, then converted entire $4M principal plus interest into 2.5M common shares (avg ~$1.60/share) which were immediately resold by investor.

  Item 3.02 verify on EDGAR →
• high

  Granted Leviston Resources option to purchase up to additional $4M in convertible notes over 7 months on similar terms, potentially doubling total dilutive financing to $8M.

  Item 1.01 verify on EDGAR →
• high

  Debt conversion terminated original note and related agreements dated March 31, 2026, eliminating $4M debt obligation but diluting existing shareholders by 2.5M shares.

  Item 1.02 verify on EDGAR →