Mobix Labs, Inc. (NASDAQ: MOBX) confirmed that its shares have met Nasdaq’s $1.00 minimum bid price requirement as of April 22, 2026, thereby avoiding a forced delisting and maintaining its listing on the Nasdaq Capital Market.
The compliance was achieved after the company completed a 1‑for‑10 reverse stock split on April 6, 2026, which increased the share price to the required threshold. The reverse split was a strategic move to address the prior non‑compliance notice issued in April 2025 and the extension granted until April 27, 2026.
At the time of the compliance announcement, Mobix Labs had a market capitalization of $31.64 million and reported a loss per share of $7.05 and negative EBITDA of $29.25 million, underscoring the importance of preserving liquidity and access to public capital markets for a company that is still building its revenue base.
The company highlighted recent contract wins that support its growth narrative, including a $3.2 million order for TSA airport security scanner components, FAA certification for a drone platform, and orders for U.S. Navy Tomahawk missile components, F‑22 aircraft systems, Gulfstream aircraft components, and an anti‑drone feasibility program in the smart munitions market.
CEO Phil Sansone said, "We thank our shareholders for supporting the reverse split authorization that was necessary to achieve Nasdaq minimum bid price compliance. 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." He added, "We have been building solid momentum the past several months, with progress across our business in both new and existing markets, as highlighted below. We expect this progress to benefit our financial performance in our fiscal 2026 second half and into 2027."
By regaining compliance, Mobix Labs secures continued access to public capital markets, which is essential for funding its ongoing product development and expansion into defense, aerospace, and high‑reliability markets. The event also signals to investors that the company is actively managing regulatory risks and pursuing strategic opportunities to strengthen its market position.
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