On April 3, 2026, Mobix Labs, Inc. announced that it has entered into a Securities Purchase Agreement with Leviston Resources, LLC, a Delaware limited liability company. Under this agreement, Leviston purchased a senior secured convertible promissory note from Mobix Labs for an original principal amount of $3,000,000, at a purchase price of $2,550,000. The note carries an annual interest rate of 10%, accruing from the original issue date of March 31, 2026, and is set to mature on July 31, 2026. At maturity, the outstanding principal and accrued interest will be due and payable in cash unless converted earlier into shares of Class A Common Stock at a conversion price determined by the lesser of the closing price on the date of conversion or 85% of the lowest 8-day VWAP prior to the conversion notice. This financing arrangement is expected to enhance the liquidity position of Mobix Labs, allowing for further operational and strategic initiatives. Additionally, the company has committed to filing a registration statement for the resale of shares issuable upon conversion of the note within 14 days of the agreement date, which is expected to facilitate market access for the new shares. This move is seen as a positive step for the company, potentially increasing investor confidence and supporting future growth.

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