4/A: Mobix Labs Director Corrects Form 4 Filing, Reports Option Acquisitions
SEC Form 4/A
James J. Peterson, a director at Mobix Labs, Inc., amended a previous Form 4 filing to accurately reflect the acquisition of options related to the company's business combination.
Summary
- James J. Peterson, a director of Mobix Labs, Inc., filed an amended Form 4 to correct a previous filing from December 26, 2023.
- The amendment clarifies that 153,416 shares initially reported as acquired were actually options.
- Peterson acquired 2,283,795 shares of Class A Common Stock on December 21, 2023, as part of the business combination between Chavant Capital Acquisition Corp. and Mobix Labs, Inc.
- He also acquired options to purchase 20,000 shares at $4.18 and 133,416 shares at $6.84, both fully vested and exercisable.
- These shares and options were obtained in exchange for equity interests in Mobix Labs, Inc. held prior to the business combination.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't contain information that would drastically alter investor sentiment, but the correction itself is a positive sign of transparency.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The correction of the Form 4 filing promotes transparency for shareholders.
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 the earliest transaction and closing date of the business combination; acquisition of shares and options. |
| 12/26/2023 | Date of original Form 4 filing that was later amended. |
| 08/10/2030 | Expiration date for options to buy 20,000 Class A Common Stock at $4.18. |
| 04/04/2032 | Expiration date for options to buy 133,416 Class A Common Stock at $6.84. |
| 02/27/2025 | Date of the amended Form 4 filing. |
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