Mobix Labs, Inc. (NASDAQ:MOBX) shares are down during Thursday’s premarket session following the announcement of a reverse stock split aimed at increasing the per-share trading price to comply with Nasdaq listing requirements.
The stock’s decline comes as the broader market experienced losses. The S&P 500 and Nasdaq are both sliding, adding pressure to shares as investors digest implications for the company’s future.
Mobix Labs announced a 1-for-10 reverse stock split, which will take effect at 4:00 p.m. Eastern Time on April 6, 2026. This move is intended to increase the trading price of the company’s Class A common stock. This would allow it to regain compliance with Nasdaq’s minimum bid price requirement.
The broader market experienced declines on Wednesday, with the S&P 500 falling 1.56% and the Nasdaq dropping …
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