Mobix Labs, Inc. And Chavant Capital Acquisition Corp. Announce Effectiveness Of Registration Statement On Form S-4
Portfolio Pulse from Benzinga Newsdesk
Mobix Labs, Inc. and Chavant Capital Acquisition Corp. (NASDAQ:CLAY) have announced the SEC's effectiveness of the Registration Statement for their proposed business combination. The extraordinary general meeting for Chavant shareholders to approve the merger is scheduled for December 14, 2023. Post-merger, Mobix Labs expects to trade on Nasdaq under the ticker symbols 'MOBX' and 'MOBXW'.
November 21, 2023 | 9:23 pm
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Chavant Capital Acquisition Corp. (NASDAQ:CLAY) has received SEC approval for the Registration Statement regarding its business combination with Mobix Labs. Shareholders will vote on the merger on December 14, 2023.
The effectiveness of the Registration Statement is a significant step towards completing the merger, which is a positive development for Chavant Capital. The announcement is likely to be viewed favorably by investors, potentially leading to a short-term increase in CLAY's stock price as the merger progresses towards finalization.
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