Mobix Labs Initiates Legal Proceedings Against Denis Tse, ACE Equity Partners International, Asia-IO, and ACE SO4 to Seek Recovery of Over $250 Million in Damages
Lawsuit Filed: Mobix Labs, Inc. has filed a Verified Complaint in the Delaware Court of Chancery against ACE Equity Partners and its affiliates, alleging fraudulent conduct and breach of contract related to a $30 million financing agreement.
Allegations Against Denis Tse: The complaint specifically accuses Denis Tse of making false representations about ACE's financial capacity to fulfill its investment obligations, which Mobix claims induced them to enter into the Subscription Agreement.
Damages Sought: Mobix is seeking over $250 million in damages, including punitive damages and specific performance to compel ACE to fulfill its $30 million funding commitment.
Forward-Looking Statements: The press release includes cautionary statements regarding the unpredictability of litigation outcomes and the risks associated with Mobix's business and legal claims.
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