Mobix announced that it has signed a definitive agreement to acquire RaGE Systems. RaGE Systems specializes in developing products for 5G communications, mmWave imaging, and Software Defined Radio targeting commercial, industrial, and defense & aerospace sectors. The RaGE Systems team is recognized for their groundbreaking technology and robust customer support, contributing to their steady growth. Mobix Labs is expected to complete the acquisition of RaGE in May. Total consideration consisted of approximately $2M in cash, approximately $10M worth of Mobix Labs stock and possible earn-out payments of up to $8M over eight fiscal quarters in a combination of cash and stock upon satisfaction of certain financial metrics.
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