Mobix Labs and Chavant Capital Acquisition announced that the registration statement on their proposed merger has been declared effective by the SEC. The SPAC scheduled a Dec. 14 meeting at 10 a.m. Eastern for shareholders to vote on the deal.
Mobix is a semiconductor company developing disruptive next-generation connectivity technologies for 5G infrastructure, satellite communications and defense industries.
Announced a year ago this month, 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.
Chavant raised $80 million in a July 2021 IPO. Read more.
