Mobix Labs Raises Capital via Secured Convertible Note Financing

Mobix Labs ( (MOBX) ) has issued an announcement.

On March 31, 2026, Mobix Labs, Inc. entered into a securities purchase agreement with Leviston Resources, LLC under which Leviston bought a senior secured convertible promissory note with a $3,000,000 principal amount for $2,550,000, bearing 10% annual interest from the issue date and maturing on July 31, 2026, with default amounts increasing to 125% of obligations. The note is convertible at Leviston’s option into Class A common stock at a price tied to either the March 31, 2026 closing price or 85% of the lowest recent 8-day VWAP, and Mobix Labs agreed under a registration rights agreement to file and secure effectiveness of a registration statement for resale of the conversion shares within set deadlines, signaling a near-term, potentially dilutive financing to bolster liquidity while giving the investor flexible exit options through the public market.

The financing on March 31, 2026 reflects Mobix Labs’ use of discounted, secured convertible debt to access capital quickly while sharing upside with Leviston through equity conversion rights. By committing to register the underlying shares for resale, the company facilitates liquidity for the investor and underscores its reliance on capital markets structures that may affect future share supply and ownership dynamics.

The most recent analyst rating on (MOBX) stock is a Hold with a $0.27 price target. To see the full list of analyst forecasts on Mobix Labs stock, see the MOBX Stock Forecast page.

Spark’s Take on MOBX Stock

According to Spark, TipRanks’ AI Analyst, MOBX is a Neutral.

The score is primarily pressured by weak financial performance—declining revenue, very large operating losses, and ongoing free-cash-flow burn—alongside balance-sheet leverage and prior negative/volatile equity. Technicals are mixed and only mildly supportive, while valuation is constrained by a negative P/E and lack of dividend yield. Corporate actions support liquidity/structure but introduce dilution and do not materially offset the fundamental risks.

To see Spark’s full report on MOBX stock, click here.

More about Mobix Labs

Mobix Labs, Inc. operates in the financial and capital markets as a publicly traded company that issues equity-linked securities to support its funding needs. The company’s capital-raising activities involve structured instruments such as senior secured convertible promissory notes, targeting institutional investors seeking both fixed income and potential equity upside.

Average Trading Volume: 67,232,364

Technical Sentiment Signal: Strong Sell

Current Market Cap: $37.15M

For a thorough assessment of MOBX stock, go to TipRanks’ Stock Analysis page.