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Monday, May 20, 2024
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Mobix Labs to Buy RaGE Systems

Closing seen this month

Irvine-based chip startup Mobix Labs, Inc. (Nasdaq: MOBX) said it has agreed to acquire RaGE Systems Inc., a wireless tech company based in Massachusetts. The price total is up to $20 million, Mobix said.

“With this acquisition, Mobix Labs will decrease the time necessary to develop cutting-edge wireless communications and integrated circuit products for its customers, particularly in the fast-growing mmWave 5G sector,” said Fabian Battaglia, CEO of Mobix Labs, in a statement yesterday announcing the purchase.

The closing is expected this month.

Shares in Mobix Labs closed up 3.5% at $2.96 per share for a market cap of $76.4 million.

For further details, see the May 20 print edition.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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