Chavant Capital Acquisition Corp

NASDAQ:CLAY   12:47:51 AM EDT
10.17
+0.03 (+0.30%)
Officer Changes, Exchange Changes, Mergers / Acquisitions

Mobix Labs To Go Public Through Merger With Chavant Capital Acquisition

Published: 11/16/2022 13:37 GMT
Chavant Capital Acquisition Corp (CLAY) - Mobix Labs, an Innovative Provider of Next Generation Wireless Mmwave 5g and Connectivity Solutions, to Go Public Through Merger With Chavant Capital Acquisition Corp.
Chavant Capital Acquisition - James Peterson, to Serve As Executive Chairman of Board of Combined Co, Mobix Labs.
Chavant Capital Acquisition Corp - Mobix Labs Equity Holders Will Roll 100% of Their Existing Equity Holdings Into Combined Company.
Chavant Capital Acquisition Corp - Transaction Values Combined Company at an Implied Pro Forma Enterprise Value of Approximately $276 Million.
Chavant Capital Acquisition Corp - Transaction Values Combined Company at an Implied Pro Forma Equity Value of Approximately $295 Million.
Chavant Capital Acquisition Corp - Transaction Includes $30 Million Fully Committed Common Stock Pipe at $10.00 per Share.
Chavant Capital Acquisition Corp - Mobix Labs Signed Non-binding Term Sheet With B. Riley Principal Capital Ii, Llc for $100 Million Equity Line of Credit.
Chavant Capital Acquisition - Post-close Combined Co to Be Named Mobix Labs, Inc With Common Stock and Warrants Expected to Be Listed on Nasdaq.