The semiconductor business Mobix Labs, Inc. (Nasdaq: MOBX), with its headquarters in Irvine, California, has acquired RaGE Systems Inc., a Massachusetts-based provider of design and manufacturing services for radio frequency joints.
Funds
It is anticipated that Mobix Labs would finish acquiring RaGE in May 2024. The whole consideration was $2 million in cash, $10 million in Mobix Labs stock, and up to $8 million in potential earn-out payments spread over eight fiscal quarters in a mix of cash and stock, subject on the achievement of specific financial benchmarks.
Through the purchase, Mobix Labs will provide more products.
About Mobix Labs
Mobix Labs is a semiconductor firm led by CEO Fabian Battaglia that supports the aerospace, military, and high-reliability industries with mmWave wireless solutions as well as connection and filtering technologies for next-generation communication systems.
About RaGE Systems
RaGE Systems, under the direction of CEO Russell Cyr, is a company focused on creating solutions for the commercial, industrial, and defense and aerospace industries. These technologies include software defined radio, mmWave imaging, and 5G communications. The company has created software-defined radio, hardware, embedded firmware, radio frequency integrated circuits, micro-miniaturized electronics for smart munitions, advanced hardware and firmware for specialized receivers, MMW imaging and threat detection, sensor fusion, and artificial intelligence.
