| Schedule of Condensed Consolidated Financial Statements |
The following tables reconcile elements of the Merger to the Company’s condensed consolidated financial statements, and should be read in conjunction with the footnotes referenced above:
|
|
|
Shares
|
|
Chavant public shares, net of redemptions
|
|
|
111,005 |
|
|
Chavant founder shares, net of shares forfeited
|
|
|
1,341,369 |
|
|
PIPE investors’ shares
|
|
|
1,975,000 |
|
|
Settlement of PIPE warrant
|
|
|
199,800 |
|
|
Sponsor PIPE subscription
|
|
|
199,737 |
|
|
Settlement of Sponsor Warrant
|
|
|
272,182 |
|
|
Settlement of warrant to non-redeeming shareholder
|
|
|
202,489 |
|
|
Amendment to Business Combination Marketing Agreement
|
|
|
280,000 |
|
|
Total Chavant shares outstanding immediately prior to the Merger
|
|
|
4,581,582 |
|
| |
|
|
|
|
|
Legacy Mobix rollover shares
|
|
|
18,139,258 |
|
|
Conversion of Legacy Mobix convertible notes
|
|
|
30,045 |
|
|
Conversion of Legacy Mobix SAFEs
|
|
|
150,953 |
|
|
Total number of Class A common shares issued in the Merger
|
|
|
22,901,838 |
|
| |
|
|
|
|
|
Closing proceeds:
|
|
|
|
|
|
Proceeds from Chavant trust fund
|
|
$
|
1,264 |
|
|
Proceeds from PIPE investment
|
|
|
19,750 |
|
| |
|
|
|
|
|
Closing disbursements:
|
|
|
|
|
|
Legacy Mobix Merger-related transaction costs
|
|
|
(3,747 |
)
|
|
Chavant Merger-related transaction costs
|
|
|
(2,219 |
)
|
|
Net cash proceeds from the Merger at Closing
|
|
|
15,048 |
|
| |
|
|
|
|
|
Mobix Merger-related transaction costs paid prior to closing
|
|
|
(983 |
)
|
|
Net cash proceeds
|
|
|
14,065 |
|
| |
|
|
|
|
|
Non-cash activity:
|
|
|
|
|
|
Conversion of Legacy Mobix convertible notes to Class A Common Stock
|
|
|
206 |
|
|
Conversion of Legacy Mobix SAFEs to Class A Common Stock
|
|
|
1,522 |
|
|
Conversion of Legacy Mobix redeemable convertible preferred stock to Class B Common Stock
|
|
|
2,300 |
|
|
Unpaid Merger-related transaction costs assumed from Chavant
|
|
|
(871 |
)
|
|
Unpaid Merger-related transaction costs of Legacy Mobix
|
|
|
(1,633 |
)
|
|
Merger-related transaction costs expensed
|
|
|
4,009 |
|
| |
|
|
|
|
|
Liability-classified instruments:
|
|
|
|
|
|
Fair value of earnout liability
|
|
|
(33,559 |
)
|
|
Fair value of PIPE make-whole liability
|
|
|
(2,071 |
)
|
|
Fair value of Private Warrants
|
|
|
(150 |
)
|
|
Net equity impact of the Merger
|
|
$
|
(16,182 |
)
|
|