On July 24, 2026, Mobix Labs, Inc. executed an Agreement and Plan of Merger to acquire Vision Aerial, Inc. through a series of mergers qualifying as a tax-free reorganization under Section 368(a). Consideration for Vision Aerial shareholders consists of $3 million in cash plus Class A common stock valued at $12 million based on the Rollover Share Price, defined as the 20-day volume-weighted average price ending three trading days prior to closing, capped between $2.00 and $3.00 per share. The transaction is subject to customary conditions, including stockholder approvals and due diligence completion. Mobix Labs, Inc. operates in the drone technology industry.
