Mobix Labs Inc. scheduled a special virtual stockholder meeting for October 2, 2026.
The board seeks authority to execute a reverse stock split of Class A Common Stock at a ratio between 1-for-2 and 1-for-20. This action aims to maintain the company’s Nasdaq listing.
Shareholders will vote on issuing up to 11 million shares related to preferred stock and warrants. The company also proposes issuing up to 4 million shares tied to convertible notes.
The board requests to increase the 2023 Equity Incentive Plan pool from 500,000 to 5 million shares. These measures could result in substantial equity dilution for existing shareholders.