On October 14, 2026, Mobix Labs delivered written notice to Vision Aerial terminating their Agreement and Plan of Merger dated July 24, 2026. The termination occurred pursuant to Section 8.1(c) after the contractual expiration date was reached without consummation. The deal failed due to delays in completing due diligence and financial reporting matters, specifically the receipt of information needed for the audit process. The parties described the split as amicable and remain open to future opportunities. Mobix Labs operates in the drone technology industry.
