Mobix Labs, Inc. entered into a subscription agreement with new investor Sage Hill Investors, LLC for issuance of 1,500,000 shares of Class A common stock, par value $0.00001 per share at a price of $10 per share for an aggregate amount of $15 million and received a warrant to purchase 1,500,000 shares of common stock of company for the gross proceeds of $15 million on December 18, 2023.