Mobix Labs Inc. (NASDAQ: MOBX) announced it has fully extinguished its $4 million convertible note with Leviston Resources LLC. All shares issued upon conversion have been registered and resold by Leviston pursuant to the company's effective Registration Statement on Form S-1.

The company also entered into an Investor Rights Agreement granting Leviston the right to acquire up to $4 million in additional convertible notes over a seven-month period on substantially similar terms. Leviston is not obligated to exercise this right.

The announcement was made in a press release statement, with additional information available in the company's Current Report on Form 8-K filed with the Securities and Exchange Commission.