4/A: Mobix Labs Director Corrects Form 4 Filing, Reports Acquisition of Options
SEC Form 4/A
Bill Carpou, a director at Mobix Labs, Inc., amended a previous Form 4 filing to accurately reflect the acquisition of options rather than shares in connection with the company's business combination.
Summary
- Bill Carpou, a director of Mobix Labs, Inc., filed an amended Form 4 to correct a previous filing from December 26, 2023.
- The amendment clarifies that the acquisition on December 21, 2023, involved options to purchase shares of Class A Common Stock, not the shares themselves.
- The corrected filing reports the acquisition of 20,000 options with an exercise price of $4.18, expiring on August 10, 2030, and 133,416 options with an exercise price of $6.84, expiring on April 4, 2032.
- These options were acquired in connection with the business combination between Chavant Capital Acquisition Corp., CLAY Merger Sub II, Inc., and Mobix Labs, Inc., which closed on December 21, 2023.
- The options are fully vested and exercisable.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Amendments, like this one, are sometimes necessary to correct errors or provide additional clarification.
Key Dates
| Date | Description |
|---|---|
| 11/15/2022 | Date of the Business Combination Agreement between Chavant Capital Acquisition Corp., CLAY Merger Sub II, Inc. and Mobix Labs, Inc. |
| 12/21/2023 | Date of earliest transaction and closing date of the Business Combination; acquisition of options. |
| 12/26/2023 | Date of original Form 4 filing that incorrectly reported the acquisition of shares. |
| 02/27/2025 | Date of amended Form 4/A filing. |
| 08/10/2030 | Expiration date for 20,000 options with an exercise price of $4.18. |
| 04/04/2032 | Expiration date for 133,416 options with an exercise price of $6.84. |
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