{"success":true,"data":{"pressRelease":{"id":"35462","rtpr_id":"nBw3bHH6Sa","ticker":"MOBX","exchange":"NASDAQ","all_tickers":["MOBX"],"title":"Mobix Labs Announces Amendment to Senior Secured Convertible Note and Entry into Investor Rights Agreement with Leviston Resources","author":"Business Wire","published_at":"2026-05-14T18:24:00.112Z","article_body":"Mobix Labs Announces Amendment to Senior Secured Convertible Note and Entry\ninto Investor Rights Agreement with Leviston Resources\n\nMobix Labs, Inc\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.mobixlabs.com%2F&esheet=54536377&newsitemid=20260514530685&lan=en-US&anchor=Mobix+Labs%2C+Inc&index=1&md5=569a5d39262bb0c01a1eda27c827eb44)\n. (Nasdaq: MOBX) today announced that, on May 13, 2026, it entered into\nagreements with Leviston Resources, LLC (i) amending the Company's existing\nsenior secured convertible note (the \"Convertible Note\") to increase the\nprincipal amount from $3.0 million to $4.0 million in exchange for an\nadditional cash advance of approximately $833,000, and (ii) granting Leviston\nthe right, but not the obligation, to acquire, over a seven-month period,\nadditional senior secured convertible notes of up to $4.0 million in aggregate\nprincipal amount on terms substantially similar to the Convertible Note and\nsecured on a pari passu basis. The material terms of the Convertible Note,\nincluding its variable conversion price formula, were previously disclosed in\nthe Company's Current Report on Form 8-K filed with the SEC on April 3, 2026.\nAdditional detail will be set forth in the Company's Quarterly Report on Form\n10-Q.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended, including statements regarding\nthe potential issuance of additional senior secured convertible notes under\nthe Investor Rights Agreement, the Company's anticipated use of proceeds from\nsuch issuances, the pari passu status of any additional notes, the Company's\nintended SEC filings, and the satisfaction of conditions to any additional\nclosings. Words such as \"anticipate,\" \"believe,\" \"expect,\" \"intend,\" \"may,\"\n\"plan,\" \"will,\" \"would,\" and similar expressions are intended to identify\nforward-looking statements. These statements are based on the Company's\ncurrent expectations and assumptions and are subject to known and unknown\nrisks, uncertainties, and other factors that may cause actual results to\ndiffer materially from those expressed or implied, including, but not limited\nto: whether the Investor elects to exercise, in whole or in part, its rights\nunder the Investor Rights Agreement; the dilutive effect on existing\nstockholders of any conversion of the existing senior secured convertible note\nor any additional notes issued, including by reason of the variable conversion\nprice formula thereunder; declines in the trading price of the Company's Class\nA Common Stock, which would directly reduce the conversion price of the notes\nand increase the number of shares issuable upon conversion; the Company's\nability to satisfy its obligations under the notes, including its payment,\nreservation, registration, and listing obligations; the Company's ability to\nmaintain the listing of its Class A Common Stock on the Nasdaq Capital Market;\nthe Company's ability to obtain any stockholder approval that may be required\nunder Nasdaq Listing Rule 5635(d); the Company's ability to file and maintain\nthe effectiveness of one or more resale registration statements covering the\nunderlying shares; the Company's ability to satisfy conditions precedent to\nany additional closings; risks associated with the senior secured nature of\nthe notes and the rights of the Investor upon any event of default; and the\nother risks and uncertainties identified in the Company's filings with the\nSecurities and Exchange Commission, including in the \"Risk Factors\" section of\nthe Company's most recent Annual Report on Form 10-K and subsequent Quarterly\nReports on Form 10-Q. Forward-looking statements speak only as of the date\nhereof, and the Company undertakes no obligation to update or revise any\nforward-looking statements, whether as a result of new information, future\nevents, or otherwise, except as required by applicable law.\n\nAbout Mobix Labs\n\nMobix Labs, Inc. (Nasdaq: MOBX) is a defense and dual-use technology company\nheadquartered in Irvine, California, supplying advanced components and\nwireless technologies to aerospace, defense, homeland security, and other\nhigh-reliability applications.\n\nFollow us on X: @MobixLabs_MOBX \n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fx.com%2FMobixLabs_MOBX&esheet=54536377&newsitemid=20260514530685&lan=en-US&anchor=%40MobixLabs_MOBX&index=2&md5=c31ba6785b29339f6a20f231b1880e06)\n\nFollow on StockTwits: MobixLabs \n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fstocktwits.com%2FMobixLabs&esheet=54536377&newsitemid=20260514530685&lan=en-US&anchor=MobixLabs&index=3&md5=2de06debbfd32c59bdeaa7a1095b151a)\n\nFollow us on LinkedIn: Mobix Labs\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fmobix-labs%2F&esheet=54536377&newsitemid=20260514530685&lan=en-US&anchor=Mobix+Labs&index=4&md5=1229b71315e74f7e215aa24810d17a8f)\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260514530685/en/\n(https://www.businesswire.com/news/home/20260514530685/en/)\n\nMOBX Investor Relations Contacts \n\nChris Eddy or David Collins\n\nCatalyst IR\n\nmobx@catalyst-ir.com\n(mailto:mobx@catalyst-ir.com?subject=Mobix%20Labs%20IR%20Inquiry) or\n212-924-9800\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw3bHH6Sa","title":"Mobix Labs Announces Amendment to Senior Secured Convertible Note and Entry into Investor Rights Agreement with Leviston Resources","author":"Business Wire","ticker":"MOBX","created":"2026-05-14T18:24:00.112Z","tickers":["MOBX"],"exchange":"NASDAQ","article_body":"Mobix Labs Announces Amendment to Senior Secured Convertible Note and Entry\ninto Investor Rights Agreement with Leviston Resources\n\nMobix Labs, Inc\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.mobixlabs.com%2F&esheet=54536377&newsitemid=20260514530685&lan=en-US&anchor=Mobix+Labs%2C+Inc&index=1&md5=569a5d39262bb0c01a1eda27c827eb44)\n. (Nasdaq: MOBX) today announced that, on May 13, 2026, it entered into\nagreements with Leviston Resources, LLC (i) amending the Company's existing\nsenior secured convertible note (the \"Convertible Note\") to increase the\nprincipal amount from $3.0 million to $4.0 million in exchange for an\nadditional cash advance of approximately $833,000, and (ii) granting Leviston\nthe right, but not the obligation, to acquire, over a seven-month period,\nadditional senior secured convertible notes of up to $4.0 million in aggregate\nprincipal amount on terms substantially similar to the Convertible Note and\nsecured on a pari passu basis. The material terms of the Convertible Note,\nincluding its variable conversion price formula, were previously disclosed in\nthe Company's Current Report on Form 8-K filed with the SEC on April 3, 2026.\nAdditional detail will be set forth in the Company's Quarterly Report on Form\n10-Q.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended, including statements regarding\nthe potential issuance of additional senior secured convertible notes under\nthe Investor Rights Agreement, the Company's anticipated use of proceeds from\nsuch issuances, the pari passu status of any additional notes, the Company's\nintended SEC filings, and the satisfaction of conditions to any additional\nclosings. Words such as \"anticipate,\" \"believe,\" \"expect,\" \"intend,\" \"may,\"\n\"plan,\" \"will,\" \"would,\" and similar expressions are intended to identify\nforward-looking statements. These statements are based on the Company's\ncurrent expectations and assumptions and are subject to known and unknown\nrisks, uncertainties, and other factors that may cause actual results to\ndiffer materially from those expressed or implied, including, but not limited\nto: whether the Investor elects to exercise, in whole or in part, its rights\nunder the Investor Rights Agreement; the dilutive effect on existing\nstockholders of any conversion of the existing senior secured convertible note\nor any additional notes issued, including by reason of the variable conversion\nprice formula thereunder; declines in the trading price of the Company's Class\nA Common Stock, which would directly reduce the conversion price of the notes\nand increase the number of shares issuable upon conversion; the Company's\nability to satisfy its obligations under the notes, including its payment,\nreservation, registration, and listing obligations; the Company's ability to\nmaintain the listing of its Class A Common Stock on the Nasdaq Capital Market;\nthe Company's ability to obtain any stockholder approval that may be required\nunder Nasdaq Listing Rule 5635(d); the Company's ability to file and maintain\nthe effectiveness of one or more resale registration statements covering the\nunderlying shares; the Company's ability to satisfy conditions precedent to\nany additional closings; risks associated with the senior secured nature of\nthe notes and the rights of the Investor upon any event of default; and the\nother risks and uncertainties identified in the Company's filings with the\nSecurities and Exchange Commission, including in the \"Risk Factors\" section of\nthe Company's most recent Annual Report on Form 10-K and subsequent Quarterly\nReports on Form 10-Q. Forward-looking statements speak only as of the date\nhereof, and the Company undertakes no obligation to update or revise any\nforward-looking statements, whether as a result of new information, future\nevents, or otherwise, except as required by applicable law.\n\nAbout Mobix Labs\n\nMobix Labs, Inc. (Nasdaq: MOBX) is a defense and dual-use technology company\nheadquartered in Irvine, California, supplying advanced components and\nwireless technologies to aerospace, defense, homeland security, and other\nhigh-reliability applications.\n\nFollow us on X: @MobixLabs_MOBX \n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fx.com%2FMobixLabs_MOBX&esheet=54536377&newsitemid=20260514530685&lan=en-US&anchor=%40MobixLabs_MOBX&index=2&md5=c31ba6785b29339f6a20f231b1880e06)\n\nFollow on StockTwits: MobixLabs \n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fstocktwits.com%2FMobixLabs&esheet=54536377&newsitemid=20260514530685&lan=en-US&anchor=MobixLabs&index=3&md5=2de06debbfd32c59bdeaa7a1095b151a)\n\nFollow us on LinkedIn: Mobix Labs\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fmobix-labs%2F&esheet=54536377&newsitemid=20260514530685&lan=en-US&anchor=Mobix+Labs&index=4&md5=1229b71315e74f7e215aa24810d17a8f)\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260514530685/en/\n(https://www.businesswire.com/news/home/20260514530685/en/)\n\nMOBX Investor Relations Contacts \n\nChris Eddy or David Collins\n\nCatalyst IR\n\nmobx@catalyst-ir.com\n(mailto:mobx@catalyst-ir.com?subject=Mobix%20Labs%20IR%20Inquiry) or\n212-924-9800\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-14T18:24:00.168471442Z","server_sent_at_ms":1778783040168},"received_at":"2026-05-14T18:24:00.284Z","source_url":"https://www.businesswire.com/news/home/20260514530685/en/"},"analysis":{"id":"24907","press_release_id":"35462","analysis_json":{"industry":{"label":"Semiconductors & Semiconductor Equipment","sector":"Information Technology"},"redFlags":["variable conversion price formula increases dilution risk as stock price falls","senior secured debt increases balance sheet risk and priority over equity holders","potential for up to $4.0 million in additional dilutive debt issuance"],"eventType":"debt_offering","narrative":"Mobix Labs amended its existing senior secured convertible note, increasing the principal from $3.0 million to $4.0 million in exchange for an additional $833,000 cash advance.\n\nThe company also entered an Investor Rights Agreement with Leviston Resources, granting the lender the right to acquire up to $4.0 million in additional senior secured convertible notes over seven months.\n\nThe notes carry a variable conversion price formula, which creates significant potential dilution for existing shareholders if the stock price declines.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Mobix raises more debt with dilutive convertible terms; watch for downside pressure from variable conversion mechanics."},"keyFigures":{"customDimensions":{"amended_note_principal":4000000,"additional_cash_advance":833000,"existing_note_principal":3000000,"additional_borrowing_facility":4000000}},"quotedText":"amending the Company's existing senior secured convertible note ... to increase the principal amount from $3.0 million to $4.0 million in exchange for an additional cash advance of approximately $833,000","namedEntities":{"people":[],"products":[],"companies":[{"name":"Mobix Labs, Inc.","ticker":"MOBX","relationship":"filer"},{"name":"Leviston Resources, LLC","relationship":"lender/investor"}],"dollarAmounts":[{"amount":"$3.0 million","context":"original principal amount of convertible note"},{"amount":"$4.0 million","context":"amended principal amount of convertible note"},{"amount":"$833,000","context":"additional cash advance received"},{"amount":"$4.0 million","context":"aggregate principal amount of additional notes available under investor rights agreement"}]},"materialImpact":{"score":3,"reasoning":"The company increased its senior secured debt by $1M and granted a $4M additional borrowing facility. The variable conversion price formula creates significant potential dilution, and the need for such financing signals cash constraints."},"tickerRelevance":{"others":[],"primary":"MOBX"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"debt_financing_with_dilution_risk","sectorWeight":"moderate","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"event_type":"debt_offering","event_type_secondary":null,"sentiment":"bearish","material_impact_score":3,"narrative":"Mobix Labs amended its existing senior secured convertible note, increasing the principal from $3.0 million to $4.0 million in exchange for an additional $833,000 cash advance.\n\nThe company also entered an Investor Rights Agreement with Leviston Resources, granting the lender the right to acquire up to $4.0 million in additional senior secured convertible notes over seven months.\n\nThe notes carry a variable conversion price formula, which creates significant potential dilution for existing shareholders if the stock price declines.","key_figures":{"customDimensions":{"amended_note_principal":4000000,"additional_cash_advance":833000,"existing_note_principal":3000000,"additional_borrowing_facility":4000000}},"named_entities":{"people":[],"products":[],"companies":[{"name":"Mobix Labs, Inc.","ticker":"MOBX","relationship":"filer"},{"name":"Leviston Resources, LLC","relationship":"lender/investor"}],"dollarAmounts":[{"amount":"$3.0 million","context":"original principal amount of convertible note"},{"amount":"$4.0 million","context":"amended principal amount of convertible note"},{"amount":"$833,000","context":"additional cash advance received"},{"amount":"$4.0 million","context":"aggregate principal amount of additional notes available under investor rights agreement"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-14T18:24:14.189Z","global_importance":25,"audience_relevance":30,"importance_components":{"tickerTier":"small-cap","eventGravity":"debt_financing_with_dilution_risk","sectorWeight":"moderate","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"durationMs":13903,"modelName":"george-droid-qwen-72b"}}