Brief: Mobix Labs To Go Public Through Merger With Chavant Capital Acquisition

MOBIX LABS

16/11/2022 13:30

Nov 16 (Reuters) - Chavant Capital Acquisition Corp
 CLAY.O :
    * 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

Source text for Eikon:  ID:nGNX565MBy 
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