Mobix Labs, Inc. (NasdaqGM:MOBX) signed a definitive agreement to acquire RaGE Systems, Inc. for $20 million on May 9, 2024. Total consideration consisted of approximately $2 million in cash, approximately $10 million worth of Mobix Labs stock and possible earn-out payments of up to $8 million over eight fiscal quarters in a combination of cash and stock upon satisfaction of certain financial metrics. The transaction is expected to close in May 2024.
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- Mobix Labs, Inc. signed a definitive agreement to acquire RaGE Systems Inc for $20 million.