MOBIX LABS, INC (MOBX) Form 8-K — Aug 28, 2026
Mobix Labs issued Leviston Resources a $1.2 million senior secured convertible promissory note on August 28, 2026 for a $1.0 million cash purchase price, reflecting a 16.667% original issue discount. The note carries 10% interest, matures December 25, 2026, and converts at the lesser of the August 28 closing price or 85% of the lowest 8-day VWAP — a discounted reset feature that can be sharply dilutive. Upon any event of default, obligations jump to 125% of the outstanding balance and accrue 18% default interest.
Key figures
- Debt Amount
- 1200000
- Interest Rate
- 10
- Maturity Date
- December 25, 2026 (per 8-K body; note exhibit states December 28, 2026)
- Exchange cap
- 19.99% of outstanding common stock
- Default premium
- 125% of outstanding obligations
- Reserved shares
- 3000000
- Conversion formula
- lesser of Aug 28, 2026 closing price or 85% of lowest 8-day VWAP
- Prepayment premium
- 115% of obligations prepaid
- Note purchase price usd
- 1000000
- Beneficial ownership cap
- 4.99% (9.99% upon holder election)
- Legal fee withholding usd
- 25000
- Board size after conversion
- 8
- Original issue discount usd
- 200000
- Default interest rate percent
- 18
- Kips warrant preferred shares
- 6000
- Extension shares issued to kips
- 834782
- Kips preferred shares purchased
- 1000
- Original issue discount percent
- 16.667%
- Ira max additional notes cash usd
- 3000000
- Kips preferred purchase price usd
- 1000
- Registration failure ongoing damages
- 2% per 30-day period
- Authorized shares failure cap payment
- 120% of remaining amounts due in cash
- Prior ira additional notes issued usd
- 4000000
- Ira max additional notes principal usd
- 3600000
- Kips warrant exercise price per share usd
- 1000
- Registration failure liquidated damages usd
- 100000
- Mandatory repayment from future proceeds percent
- 40
Price after filing
Close on the filing date to close N calendar days later (from $1.14). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.