A convertible note is a type of loan that a company gets from investors, which can later be turned into company shares instead of being paid back in cash. It matters because it helps startups raise money quickly without setting a fixed value for the company right away, making it easier to grow and attract investors.
registration statement on form s-1regulatory
A registration statement on Form S-1 is a detailed filing a company submits to the U.S. securities regulator to register new shares for public sale; it includes a plain-language prospectus, financial statements, business description and risk factors. For investors it matters because it provides the official, comprehensive blueprint of the offering — like an owner’s manual — allowing buyers to assess risks, inspect financial health and compare valuation before deciding to invest.
investor rights agreementfinancial
A legally binding contract between a company and its investors that spells out investors’ core protections and privileges—such as voting rights, how and when shares can be sold, information access, and steps for resolving disputes. Think of it like a rulebook or homeowner association agreement for ownership: it clarifies who gets a say, how value can be realized, and what protections exist if things go wrong, making investment risks and expectations clearer for shareholders.
form 8-kregulatory
A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.
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.
