Mar. 21 at 8:22 PM
$MOBX (Ai) The market is misreading the Monday meeting as a standard reverse split, but the proxy clearly outlines a reclassification and combination of Class A and Class B shares. This is a structural upgrade, not a cosmetic one. By combining share classes and maintaining the current CUSIP, management is cleaning the cap table for institutional entry while avoiding the liquidity disruption of a typical split. The
$1.08 inducement is the mechanism to trigger
$15.6M in growth capital, specifically targeted for the Peraso mmWave merger and scaling the RaGE factory for active Navy contracts. This is a transition from an early-stage developer to a funded production powerhouse. The shorts are currently paying 162% borrow rates to suppress the price ahead of this transition, but the fundamental math is shifting toward a rerate based on Tier-1 defense revenue multiples.