{"success":true,"data":{"pressRelease":{"id":"160715","rtpr_id":"nBw6z7brma-20261005","ticker":"MOBX","exchange":"NASDAQ","all_tickers":["MOBX"],"title":"Mobix Labs (Nasdaq: MOBX) Acquisition Target SPD to Acquire Winner Water, U.S. Rare Earth Company Backed by $53 Million in Federal Awards","author":"Business Wire","published_at":"2026-10-05T13:40:00.105Z","article_body":"Mobix Labs (Nasdaq: MOBX) Acquisition Target SPD to Acquire Winner Water, U.S.\nRare Earth Company Backed by $53 Million in Federal Awards\n\nSpecial Project Delivery, Inc.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.specialprojectdelivery.com%2F&esheet=54615556&newsitemid=20261005850971&lan=en-US&anchor=Special+Project+Delivery%2C+Inc.&index=1&md5=989878c90f670e0e8d40e3b0121f5ff6)\n(“SPD”) today announced it has entered into a definitive Business\nCombination Agreement, dated September 30, 2026, with Winner Water Services\nInc.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwinnerwaterservices.com%2F&esheet=54615556&newsitemid=20261005850971&lan=en-US&anchor=Winner+Water+Services+Inc.&index=2&md5=5a693180f375e553039ac96e0c71e40d)\n(“Winner”), a revenue-generating U.S. rare earth company, under which\nWinner will join the National Security Matters (NSM) platform SPD is\nassembling with Mobix Labs, Inc.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwinnerwaterservices.com%2F&esheet=54615556&newsitemid=20261005850971&lan=en-US&anchor=Mobix+Labs%2C+Inc.&index=3&md5=852b2d4ff100305a0a3a8b6b251b615a)\n(Nasdaq: MOBX).\n\nWinner, based in Sharon, Pennsylvania, recovers rare earth elements, scandium,\nand alumina from coal ash impoundments — a domestic stockpile that has\nalready been mined.\n\nOver ten years, Winner and its research partners have received funding from\nthe Department of Energy and the Department of Defense through six consecutive\nawards totaling $53 million. In August 2026, Winner broke ground on its rare\nearth extraction demonstration plant at the National Carbon Capture Center\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnationalcarboncapturecenter.com%2F&esheet=54615556&newsitemid=20261005850971&lan=en-US&anchor=National+Carbon+Capture+Center&index=4&md5=940f48d884122b5dba5fa3a82b5682f9)\nin Wilsonville, Alabama.\n\nSPD is itself party to a definitive agreement with Mobix Labs, announced\nAugust 13, 2026\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.businesswire.com%2Fnews%2Fhome%2F20260812226364%2Fen%2FMobix-Labs-Signs-Definitive-Rare-Earth-Elements-Deal-Expanding-National-Security-Platform-Hosts-Investor-Call-Today-at-415pm-ET&esheet=54615556&newsitemid=20261005850971&lan=en-US&anchor=announced+August+13%2C+2026&index=5&md5=9c903e0e44a7b6977fc542f743df1edf)\n, to combine the two companies as part of Mobix Labs’ NSM initiative. The\nWinner transaction is expected to close in connection with SPD’s combination\nwith Mobix Labs, subject to required approvals and other customary conditions.\n\nForward-Looking Statements\n\nThis release contains forward-looking statements within the meaning of the\nPrivate Securities Litigation Reform Act of 1995, including statements\nregarding the proposed transactions, their timing and completion, federal\nfunding and plant construction. These statements are subject to risks and\nuncertainties, including the failure to obtain required approvals, the failure\nto complete SPD’s combination with Mobix Labs or to satisfy other closing\nconditions, the availability and timing of federal funding and the risks\ndescribed in Mobix Labs’ filings with the Securities and Exchange\nCommission. Actual results may differ materially. Neither SPD nor Winner\nundertakes any obligation to update these statements except as required by\nlaw.\n\nNo Offer or Solicitation\n\nThis communication is not an offer to sell or the solicitation of an offer to\nbuy any securities, nor a substitute for any proxy statement or other document\nMobix Labs may file with the Securities and Exchange Commission in connection\nwith the proposed transactions. Investors are urged to read those documents\nwhen available. Mobix Labs and its directors and executive officers may be\ndeemed participants in the solicitation of proxies in respect of the proposed\ntransactions.\n\nAbout Special Project Delivery, Inc.\n\nSpecial Project Delivery, Inc. is a strategic infrastructure platform building\nUnited States supply chains for rare earth elements, critical minerals, water\nand energy. The company is headquartered in Newport Beach, California.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261005850971/en/\n(https://www.businesswire.com/news/home/20261005850971/en/)\n\nMedia Contact: Special Project Delivery, 17 Corporate Plaza, Suite 200,\nNewport Beach, CA 92660 · specialprojectdelivery.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.specialprojectdelivery.com%2F&esheet=54615556&newsitemid=20261005850971&lan=en-US&anchor=specialprojectdelivery.com&index=6&md5=449b5e98babbd795abf494b273af156b)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw6z7brma-20261005","title":"Mobix Labs (Nasdaq: MOBX) Acquisition Target SPD to Acquire Winner Water, U.S. Rare Earth Company Backed by $53 Million in Federal Awards","author":"Business Wire","ticker":"MOBX","created":"2026-10-05T13:40:00.105Z","tickers":["MOBX"],"exchange":"NASDAQ","article_body":"Mobix Labs (Nasdaq: MOBX) Acquisition Target SPD to Acquire Winner Water, U.S.\nRare Earth Company Backed by $53 Million in Federal Awards\n\nSpecial Project Delivery, Inc.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.specialprojectdelivery.com%2F&esheet=54615556&newsitemid=20261005850971&lan=en-US&anchor=Special+Project+Delivery%2C+Inc.&index=1&md5=989878c90f670e0e8d40e3b0121f5ff6)\n(“SPD”) today announced it has entered into a definitive Business\nCombination Agreement, dated September 30, 2026, with Winner Water Services\nInc.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwinnerwaterservices.com%2F&esheet=54615556&newsitemid=20261005850971&lan=en-US&anchor=Winner+Water+Services+Inc.&index=2&md5=5a693180f375e553039ac96e0c71e40d)\n(“Winner”), a revenue-generating U.S. rare earth company, under which\nWinner will join the National Security Matters (NSM) platform SPD is\nassembling with Mobix Labs, Inc.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwinnerwaterservices.com%2F&esheet=54615556&newsitemid=20261005850971&lan=en-US&anchor=Mobix+Labs%2C+Inc.&index=3&md5=852b2d4ff100305a0a3a8b6b251b615a)\n(Nasdaq: MOBX).\n\nWinner, based in Sharon, Pennsylvania, recovers rare earth elements, scandium,\nand alumina from coal ash impoundments — a domestic stockpile that has\nalready been mined.\n\nOver ten years, Winner and its research partners have received funding from\nthe Department of Energy and the Department of Defense through six consecutive\nawards totaling $53 million. In August 2026, Winner broke ground on its rare\nearth extraction demonstration plant at the National Carbon Capture Center\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnationalcarboncapturecenter.com%2F&esheet=54615556&newsitemid=20261005850971&lan=en-US&anchor=National+Carbon+Capture+Center&index=4&md5=940f48d884122b5dba5fa3a82b5682f9)\nin Wilsonville, Alabama.\n\nSPD is itself party to a definitive agreement with Mobix Labs, announced\nAugust 13, 2026\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.businesswire.com%2Fnews%2Fhome%2F20260812226364%2Fen%2FMobix-Labs-Signs-Definitive-Rare-Earth-Elements-Deal-Expanding-National-Security-Platform-Hosts-Investor-Call-Today-at-415pm-ET&esheet=54615556&newsitemid=20261005850971&lan=en-US&anchor=announced+August+13%2C+2026&index=5&md5=9c903e0e44a7b6977fc542f743df1edf)\n, to combine the two companies as part of Mobix Labs’ NSM initiative. The\nWinner transaction is expected to close in connection with SPD’s combination\nwith Mobix Labs, subject to required approvals and other customary conditions.\n\nForward-Looking Statements\n\nThis release contains forward-looking statements within the meaning of the\nPrivate Securities Litigation Reform Act of 1995, including statements\nregarding the proposed transactions, their timing and completion, federal\nfunding and plant construction. These statements are subject to risks and\nuncertainties, including the failure to obtain required approvals, the failure\nto complete SPD’s combination with Mobix Labs or to satisfy other closing\nconditions, the availability and timing of federal funding and the risks\ndescribed in Mobix Labs’ filings with the Securities and Exchange\nCommission. Actual results may differ materially. Neither SPD nor Winner\nundertakes any obligation to update these statements except as required by\nlaw.\n\nNo Offer or Solicitation\n\nThis communication is not an offer to sell or the solicitation of an offer to\nbuy any securities, nor a substitute for any proxy statement or other document\nMobix Labs may file with the Securities and Exchange Commission in connection\nwith the proposed transactions. Investors are urged to read those documents\nwhen available. Mobix Labs and its directors and executive officers may be\ndeemed participants in the solicitation of proxies in respect of the proposed\ntransactions.\n\nAbout Special Project Delivery, Inc.\n\nSpecial Project Delivery, Inc. is a strategic infrastructure platform building\nUnited States supply chains for rare earth elements, critical minerals, water\nand energy. The company is headquartered in Newport Beach, California.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261005850971/en/\n(https://www.businesswire.com/news/home/20261005850971/en/)\n\nMedia Contact: Special Project Delivery, 17 Corporate Plaza, Suite 200,\nNewport Beach, CA 92660 · specialprojectdelivery.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.specialprojectdelivery.com%2F&esheet=54615556&newsitemid=20261005850971&lan=en-US&anchor=specialprojectdelivery.com&index=6&md5=449b5e98babbd795abf494b273af156b)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-10-05T13:40:00.157063457Z","server_sent_at_ms":1791207600157},"received_at":"2026-10-05T13:40:00.208Z","source_url":"https://www.businesswire.com/news/home/20261005850971/en/"},"analysis":{"id":"149271","press_release_id":"160715","analysis_json":{"industry":{"label":"Semiconductors & Semiconductor Equipment","sector":"Information Technology"},"redFlags":["deal terms and valuation for Winner acquisition not disclosed","closing contingent on completion of SPD-Mobix Labs combination and required approvals"],"eventType":"m_and_a","narrative":"Special Project Delivery (SPD) signed a definitive Business Combination Agreement dated September 30, 2026 to acquire Winner Water Services, a revenue-generating U.S. rare earth company based in Sharon, Pennsylvania.\n\nWinner recovers rare earth elements, scandium, and alumina from coal ash impoundments and has received $53 million across six consecutive DOE and DoD awards over ten years; it broke ground on a demonstration plant in Alabama in August 2026.\n\nThe Winner transaction is expected to close in connection with SPD's own combination with Mobix Labs (Nasdaq: MOBX), expanding Mobix's National Security Matters platform, subject to required approvals and customary conditions.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Mobix's NSM rare-earth platform adds federally backed Winner Water ahead of the SPD combination close."},"keyFigures":{"dealValueUsd":0,"customDimensions":{"federal_awards_total":"$53 million","number_of_federal_awards":6}},"namedEntities":{"people":[],"products":["rare earth elements","scandium","alumina"],"companies":[{"name":"Mobix Labs, Inc.","ticker":"MOBX","relationship":"platform acquirer / filer"},{"name":"Special Project Delivery, Inc. (SPD)","relationship":"acquisition target of Mobix Labs; acquirer of Winner"},{"name":"Winner Water Services Inc.","relationship":"target joining NSM platform"},{"name":"National Carbon Capture Center","relationship":"site of Winner's demonstration plant"}],"dollarAmounts":[{"amount":"$53 million","context":"total DOE/DoD federal awards to Winner and research partners over ten years"}]},"materialImpact":{"score":3,"reasoning":"Winner Water Services, a revenue-generating U.S. rare earth company with $53M in federal awards, will join the NSM platform SPD is assembling with Mobix Labs, closing alongside SPD's own combination with MOBX. Material to Mobix's strategic pivot, but terms are undisclosed and closing remains conditional."},"tickerRelevance":{"others":[],"primary":"MOBX"},"globalImportance":30,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"target-platform acquisition bolt-on","issuerAuthored":false,"strategicPivot":"rare earth / national security"}},"event_type":"m_and_a","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Special Project Delivery (SPD) signed a definitive Business Combination Agreement dated September 30, 2026 to acquire Winner Water Services, a revenue-generating U.S. rare earth company based in Sharon, Pennsylvania.\n\nWinner recovers rare earth elements, scandium, and alumina from coal ash impoundments and has received $53 million across six consecutive DOE and DoD awards over ten years; it broke ground on a demonstration plant in Alabama in August 2026.\n\nThe Winner transaction is expected to close in connection with SPD's own combination with Mobix Labs (Nasdaq: MOBX), expanding Mobix's National Security Matters platform, subject to required approvals and customary conditions.","key_figures":{"dealValueUsd":0,"customDimensions":{"federal_awards_total":"$53 million","number_of_federal_awards":6}},"named_entities":{"people":[],"products":["rare earth elements","scandium","alumina"],"companies":[{"name":"Mobix Labs, Inc.","ticker":"MOBX","relationship":"platform acquirer / filer"},{"name":"Special Project Delivery, Inc. (SPD)","relationship":"acquisition target of Mobix Labs; acquirer of Winner"},{"name":"Winner Water Services Inc.","relationship":"target joining NSM platform"},{"name":"National Carbon Capture Center","relationship":"site of Winner's demonstration plant"}],"dollarAmounts":[{"amount":"$53 million","context":"total DOE/DoD federal awards to Winner and research partners over ten years"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-05T13:40:06.990Z","global_importance":30,"audience_relevance":25,"importance_components":{"tickerTier":"micro-cap","eventGravity":"target-platform acquisition bolt-on","issuerAuthored":false,"strategicPivot":"rare earth / national security"}},"durationMs":6753,"modelName":"glm-5.3-flashx"}}