Mobix Labs Inc. (NASDAQ: MOBX) announced it has regained compliance with NASDAQ's minimum bid price requirement after its stock closed at $1.00 or higher for ten consecutive business days.

The company received written notice from the NASDAQ Listing Qualifications Department confirming compliance with Listing Rule 5550(a)(2) for continued listing on The NASDAQ Capital Market.

"We thank our shareholders for supporting the reverse split authorization that was necessary to achieve NASDAQ minimum bid price compliance," said Phil Sansone, CEO of Mobix Labs. "Maintaining our NASDAQ listing is a top priority for our company as it provides substantial visibility, liquidity and other strategic benefits that support our growth plans."

Mobix Labs provides technology solutions for defense, aerospace, and high-reliability markets. The company recently received FAA certification for a high-precision drone platform and secured orders for U.S. Navy Tomahawk missile components and Gulfstream aircraft electromagnetic interference protection components.

The company also entered the smart munitions market through an anti-drone feasibility program and received a five-fold order increase to supply F-22 aircraft systems. Additionally, Mobix Labs secured a $3.2 million order for TSA airport security scanner components.

Sansone indicated the company expects recent business progress to benefit financial performance in the second half of fiscal 2026 and into 2027.

The information is based on a company press release statement.