Mobix Labs, Inc. entered into a financing deal by issuing a senior secured convertible promissory note with a principal amount of $2.8 million to Leviston Resources, LLC, providing approximately $2.3 million in gross proceeds.
The note bears 10% annual interest and matures on October 18, 2026. Subject to stockholder approval and note terms, Leviston may convert principal and interest into Class A Common Stock at the lesser of the June 22, 2026 closing price and 85% of the lowest eight-day VWAP before and including the conversion notice date.
Mobix Labs amended its registration rights agreement with Leviston to cover resale registration of conversion shares and is filing a post-effective amendment to deregister 950,000 shares of Class A Common Stock previously registered for potential resale under an equity line of credit.
Mobix Labs, Inc. is registering up to 3,744,161 shares of Class A Common Stock for resale by existing holders. The company will not receive proceeds from these resales but may receive up to $6,000,000 if a related preferred stock warrant is exercised, which it plans to use for working capital and general corporate purposes.
As of June 8, 2026, Mobix had 14,998,187 Class A and 200,491 Class B shares outstanding, and the registered shares represent about 25% of the Class A float, creating potential stock overhang. Mobix is an early-stage, unprofitable semiconductor and connectivity company with substantial accumulated losses, material weaknesses in internal controls, and explicit going-concern risks, and it expects to seek additional dilutive financing for operations and planned acquisitions.
MOBIX Labs President, CFO and Director Keyvan Samini reported selling Class A Common Stock in open-market transactions. On June 12, 2026, he sold 112,110 shares at a weighted average price of $1.9807 per share. On June 11, 2026, he sold an additional 3 shares at a weighted average price of $2.1367 per share.
After these sales, Samini directly holds 155,053 Class A shares. The filing also shows indirect holdings in several trusts and remaining equity exposure through fully vested options to buy 32,353 Class A shares at $1.70 per share and Class B shares convertible into 12,500 Class A shares.
MOBX filed a Form 144 reporting the planned sale of Common Class A securities. The filing lists 28,896 founder shares dated 12/21/2023 and 89,250 restricted stock award shares dated 05/05/2025 described as Services Rendered.
Mobix Labs, Inc. reported sharply lower revenue and continued losses for the quarter ended March 31, 2026 while warning of substantial doubt about its ability to continue as a going concern. Quarterly net revenue was $970, down from $2,511 a year earlier, with a net loss of $5,853 compared with $2,291 in the prior-year period.
For the first six months of fiscal 2026, net revenue totaled $2,845 and the net loss was $15,978. Cash stood at $2,563 against total debt of $6,438, and net cash used in operations reached $9,017. The company improved its capital structure from a small equity deficit to positive stockholders’ equity of $8,845 through public equity offerings, ATM sales and exchanges of debt and payables into shares, but these transactions were dilutive to existing holders.
Management states that ongoing operating losses, negative operating cash flows and limited liquidity mean additional debt or equity financing is required to meet obligations over the next twelve months. Subsequent events include a 1‑for‑10 reverse stock split, full conversion of a $4,000 senior secured convertible note into 2,500,000 shares, and a new $2,400 Series A 10% Convertible Preferred Stock financing with attached purchase warrant, further emphasizing reliance on capital markets.
Mobix Labs, Inc. amended its senior secured convertible note with Leviston Resources on May 13, 2026, increasing the principal from $3 million to $4 million in exchange for an additional cash advance of $833,333.
The company also entered an Investor Rights Agreement giving Leviston the right, but not the obligation, over seven months to buy up to an additional $4.0 million of similar secured convertible notes. Between May 12 and May 18, 2026, Leviston converted the entire $4 million of principal plus accrued interest into 2,500,000 shares of Class A Common Stock, fully satisfying the note and terminating related agreements.
The share issuances relied on the Section 3(a)(9) exemption under the Securities Act, and Leviston’s beneficial ownership of Class A Common Stock did not exceed 4.99% at any time.
Mobix Labs, Inc. notified the SEC it cannot timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026 under Rule 12b-25 because of accounting department turnover and the need for additional time to finalize its financial statements and disclosure controls. The company provided preliminary results: loss from operations of approximately $6.1 million, net revenues of approximately $970 thousand, and a net loss of approximately $5.9 million for the quarter ended March 31, 2026. The company stated its financial statements will continue to reflect substantial doubt about its ability to continue as a going concern for the next twelve months and expects to file the Form 10-Q within the extension period.
LONG MICHAEL J reported acquisition or exercise transactions in this Form 4 filing.
Mobix Labs, Inc. director Michael J. Long reported equity awards in the company’s Class A common stock. He received 14,805 shares on February 25, 2026 and an additional 5,000 shares on March 30, 2026, both recorded as grants or awards at a price of $0.00 per share.
After these transactions, Long directly owned 124,932 shares of Class A common stock. A footnote explains that an earlier grant of Restricted Stock Units was made on February 25, 2026 and vested on April 1, 2026, and that his beneficial ownership was adjusted for rounding following a 1-for-10 reverse stock split effective April 6, 2026.
Mobix Labs director Kurt Busch reported new equity awards in Mobix Labs, Inc. Class A Common Stock. He received 14,805 shares on February 25, 2026 and 5,000 shares on March 30, 2026 as grant or award acquisitions at no stated purchase price.
After these awards, Busch directly owns 60,961 Class A shares. He also holds fully vested options to buy 13,341 shares at $68.40 per share expiring on April 4, 2032 and 2,000 shares at $41.80 per share expiring on August 10, 2030. Reported holdings reflect a 1-for-10 reverse stock split on April 6, 2026.
MOBIX Labs director and 10% owner James J. Peterson reported stock awards and updated holdings in the company’s shares. He received Class A Common Stock awards of 14,805 shares on February 25, 2026 and 5,000 shares on March 30, 2026, both at $0.00 per share as grants.
Following the latest award, he directly holds 325,462 shares of Class A Common Stock. Footnotes state these Restricted Stock Units were granted on February 25, 2026 and vested on April 1, 2026, and that his beneficial ownership figures were adjusted for a 1-for-10 reverse stock split effective April 6, 2026. He also holds Class B Common Stock convertible into 144,927 Class A shares at the holder’s option, plus fully vested options over 13,341 Class A shares at an exercise price of $68.40 per share expiring on April 4, 2032 and 2,000 shares at $41.80 per share expiring on August 10, 2030.