Mobix Labs to acquire U.S. defense rare earth company
The non-binding LOI targets SPD, a rare earth and critical minerals supplier for defense, aerospace, and AI.
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Supplier of electronic components for defense and medical systems
mobixlabs.comLast updated
In short: Mobix Labs expanded its defense and aerospace footprint through strategic acquisitions, major contract wins, and key financial restructurings.
The non-binding LOI targets SPD, a rare earth and critical minerals supplier for defense, aerospace, and AI.
The amendment increases principal from $3.0M to $4.0M and grants Leviston rights to acquire up to $4.0M more over seven months; an additional cash advance was ~$833,000.
The company resolved its prior listing deficiency after stock traded above $1.00 for consecutive days.
Production is underway to meet upcoming deliveries in 2026, with new customer and increased partner demand.
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