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BRIEF-Mobix Labs To Go Public Through Merger With Chavant Capital Acquisition

Reuters · 11/16/2022 08:30
BRIEF-Mobix Labs To Go Public Through Merger With Chavant Capital Acquisition

- Chavant Capital Acquisition Corp CLAY.O:

  • MOBIX LABS, AN INNOVATIVE PROVIDER OF NEXT GENERATION WIRELESS MMWAVE 5G AND CONNECTIVITY SOLUTIONS, TO GO PUBLIC THROUGH MERGER WITH CHAVANT CAPITAL ACQUISITION CORP.

  • CHAVANT CAPITAL ACQUISITION - JAMES PETERSON, TO SERVE AS EXECUTIVE CHAIRMAN OF BOARD OF COMBINED CO, MOBIX LABS

  • CHAVANT CAPITAL ACQUISITION CORP - MOBIX LABS EQUITY HOLDERS WILL ROLL 100% OF THEIR EXISTING EQUITY HOLDINGS INTO COMBINED COMPANY

  • CHAVANT CAPITAL ACQUISITION CORP - TRANSACTION VALUES COMBINED COMPANY AT AN IMPLIED PRO FORMA ENTERPRISE VALUE OF APPROXIMATELY $276 MILLION

  • CHAVANT CAPITAL ACQUISITION CORP - TRANSACTION VALUES COMBINED COMPANY AT AN IMPLIED PRO FORMA EQUITY VALUE OF APPROXIMATELY $295 MILLION

  • CHAVANT CAPITAL ACQUISITION CORP - TRANSACTION INCLUDES $30 MILLION FULLY COMMITTED COMMON STOCK PIPE AT $10.00 PER SHARE

  • CHAVANT CAPITAL ACQUISITION CORP - MOBIX LABS SIGNED NON-BINDING TERM SHEET WITH B. RILEY PRINCIPAL CAPITAL II, LLC FOR $100 MILLION EQUITY LINE OF CREDIT

  • CHAVANT CAPITAL ACQUISITION - POST-CLOSE COMBINED CO TO BE NAMED MOBIX LABS, INC WITH COMMON STOCK AND WARRANTS EXPECTED TO BE LISTED ON NASDAQ

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Further company coverage: CLAY.O