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Mobix Labs Extinguishes $4M Convertible Debt

IRVINE, Calif.--(BUSINESS WIRE)--Mobix Labs, Inc. (Nasdaq: MOBX) today announced that it has fully extinguished its $4 million convertible note with Leviston Resources, LLC. All shares issued upon conversion have been registered and resold by Leviston pursuant to the Company's effective Registration Statement on Form S-1.

The Company also entered into an Investor Rights Agreement granting Leviston the right, but not the obligation, to acquire up to $4 million in additional convertible notes over a seven-month period on substantially similar terms.

Additional information is available in the Company's Current Report on Form 8-K filed today with the Securities and Exchange Commission.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. These statements are subject to risks and uncertainties, and actual results may differ materially. Please see the Company's filings with the SEC for a discussion of risk factors. The Company undertakes no obligation to update these statements except as required by law.

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Contacts

MOBX Investor Relations Contacts
Chris Eddy or David Collins
Catalyst IR
mobx@catalyst-ir.com or 212-924-9800
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Mobix Labs, Inc.

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Release Summary
Mobix Labs Extinguishes $4M Convertible Debt
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Contacts

MOBX Investor Relations Contacts
Chris Eddy or David Collins
Catalyst IR
mobx@catalyst-ir.com or 212-924-9800
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