Mobix Labs Submits All Cash Offer to Acquire EMCORE Corporation
Mobix Labs, Inc. - Class A (MOBX)
Company Research
Source: Business Wire
Synergistic Acquisition would enhance Mobix Labs’ competitive strength in aerospace and defense sectorScales operations and cash flow IRVINE, Calif.--(BUSINESS WIRE)--Mobix Labs, Inc. (Nasdaq: MOBX) (“Mobix Labs”, “Mobix” or the “Company”), a leader in advanced wireless and connectivity solutions for the military and defense sector, today announced it has submitted a compelling non-binding proposal to the Board of Directors of EMCORE Corporation (Nasdaq: EMKR) (“Emcore”), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, to acquire all of EMCORE’s outstanding shares for $3.80 per share in cash.Mobix Labs’ all cash proposed offer to the EMCORE Board represents a more than 200% premium over EMCORE's current stock price as of September 27, 2024. Based upon its 2022 and 2023 10-K filings, EMCORE’s revenue in its fiscal year ending 9/30/23 grew 115% to $97 million from the prior year.EMCORE is a leading supplier of inertial
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MOBX
Sec Filings
- 11/15/24 - Form SCHEDULE
- 11/14/24 - Form SC
- 11/6/24 - Form 4
- MOBX's page on the SEC website