5G solutions provider Mobix Labs and Chavant Capital Acquisition today announced the SPAC filed a registration statement and preliminary proxy on their proposed merger.
Chavant raised $80 million in a July 2021 IPO.
Announced in November, the transaction includes $30 million fully committed common stock PIPE. In addition, Mobix Labs has signed a non-binding term sheet with B. Riley Principal Capital for a $100 million equity line of credit.
Irvine, CA-based Mobix Labs is a provider of next generation wireless mmWave 5G and connectivity solutions. Read more.
