MOBIX LABS, INC — Form 8-K
Filed August 28, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 73/100
What the filing says
Mobix Labs issued a $1.2M principal Senior Secured Convertible Note to Leviston Resources LLC (cash received: $1M, 16.667% OID) on August 28, 2026, with 10% interest, December 28, 2026 maturity, and conversion at 85% of 8-day VWAP. Concurrently, Leviston received a $3.6M future investment right (7-month exercise window, $300K minimum tranches) with identical economic terms and pari passu security. Separately, Kips Bay Select LP received 1,000 additional Preferred Stock shares ($1.2M stated value, $1M cash) and a warrant for 6,000 preferred shares (exercise price $1,000/share, 12-month term). Company must reserve 3× conversion shares and file registration statements with independent 14-day filing deadlines and $100K + 2% monthly liquidated damages per failure.
Why this rating
Material debt issuance (~4% of market cap) with aggressive conversion economics, heavy dilution mechanics, and near-term maturity creates refinancing risk and shareholder pressure. Multiple tranches authorized.
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