Mobix Labs Signs Letter of Intent to Acquire Vision Aerial

Mobix Labs announced that it has signed a binding Letter of Intent to acquire Vision Aerial. The parties have signed a binding Letter of Intent; transaction terms were not disclosed. Vision Aerial's founders and key leadership are expected to continue with the business under multi-year agreements, and manufacturing is expected to remain in the United States. Completion is subject to the negotiation and execution of a definitive agreement, satisfactory completion of confirmatory due diligence, and customary closing conditions and approvals. There can be no assurance that the transaction will be completed on the terms contemplated, or at all. "This is a defining move for Mobix Labs. We are moving to acquire a proven, American-built drone platform trusted by the U.S. Air Force, the U.S. Navy, and major industry customers-just as demand for secure, high-performance drones accelerates around the world. Vision Aerial expands Mobix Labs into one of the most important technology markets in the world and advances the acquisition-led growth strategy we have previously communicated." - Phil Sansone, Chief Executive Officer, Mobix Labs.