Simpson Thacher is representing Chavant Capital Acquisition Corp. (“Chavant”), a publicly traded special purpose acquisition company, in connection with its proposed business combination with Mobix Labs, Inc. (“Mobix”). Upon closing, Mobix’s common stock and warrants are expected to be listed on The Nasdaq Stock Market. Mobix equity holders will roll 100% of their existing equity holdings into the combined company.
Mobix Labs is a fabless semiconductor company developing disruptive wireless and connectivity solutions. Mobix’s universal CMOS-based chipset, which enables full 5G spectrum accessibility with higher performance and lower cost in a single SKU solution, is currently in development and sampling with key strategic partners and potential customers. It is designed to accelerate and “future proof” 5G, thereby enabling the network infrastructure to support the continued explosion of data and realize next generation connected products and applications. Mobix is committed to simplifying the development process for customers and maximizing the performance of existing and next generation wireless products by delivering flexible, high performance, cost effective and ultra-compact solutions.
Chavant is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar transaction or business combination.
The Simpson Thacher team includes Ben Schaye, Sung Jin, Chan Ho Park and Ziang Zhou (M&A); John Ericson, Mark Brod, Arielle Katzman, Ben Carson and Jacob Kornman (Capital Markets); Linda Barrett and Charles Pfeifer (Executive Compensation and Employee Benefits); Jessica Cohen, Bobbie Burrows and Rachelle Broida (Intellectual Property); and Benjamin Rippeon and William Smolinski (Tax).