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Mobix Labs Aims for Public Listing by Year’s End

Listing start subject to SEC approval

Irvine-based chip startup Mobix Labs says it’s aiming for a public listing on the Nasdaq in the current quarter, subject to a final review and approval by the Securities and Exchange Commission.

The company said in a letter to shareholders that it had filed a second amended registration statement with the SEC on Nov. 2. 

“We acknowledge that this journey has been both challenging and resource-intensive.  With approximately 20 dedicated legal experts, investment bankers, and auditors supporting us, we remain steadfast in our pursuit of becoming a publicly traded entity,” CEO Fabian Battaglia and President/CFO Keyvan Samini said in the letter..

They added the company has received “substantial financial commitments” in its fundraising efforts aimed at existing shareholders, friends and family.

“Currently, our stock is priced attractively at $6.84 per share for our existing investors, family and friends.  The company has received a binding commitment from a fund for the purchase of $30,000,000 of common stock at $10.00 per share on our opening trade date,” according to their letter to shareholders.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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