Shares

Chavant public shares, net of redemptions

11,100

Chavant founder shares, net of shares forfeited

134,137

PIPE investors’ shares

197,500

Settlement of PIPE warrant

19,980

Sponsor PIPE subscription

19,973

Settlement of Sponsor Warrant

27,218

Settlement of warrant to non-redeeming shareholder

20,248

Amendment to Business Combination Marketing Agreement

28,000

Total Chavant shares outstanding immediately prior to the Merger

458,156

Legacy Mobix rollover shares

1,813,925

Conversion of Legacy Mobix convertible notes

3,004

Conversion of Legacy Mobix SAFEs

15,095

Total number of Class A common shares issued in the Merger

2,290,180

Closing proceeds:

Proceeds from Chavant trust fund

$

1,264

Proceeds from PIPE investment

19,750

Closing disbursements:

Legacy Mobix Merger-related transaction costs

(3,747

)

Chavant Merger-related transaction costs

(2,219

)

Net cash proceeds from the Merger at Closing

15,048

Legacy Mobix Merger-related transaction costs paid prior to closing

(983

)

Net cash proceeds

14,065

Non-cash activity:

Conversion of Legacy Mobix convertible notes to Class A Common Stock

206

Conversion of Legacy Mobix SAFEs to Class A Common Stock

1,522

Conversion of Legacy Mobix redeemable convertible preferred stock to Class B Common Stock

2,300

Unpaid Merger-related transaction costs assumed from Chavant

(871

)

Unpaid Merger-related transaction costs of Legacy Mobix

(1,633

)

Merger-related transaction costs expensed

4,009

Liability-classified instruments at closing:

Fair value of earnout liability

(33,559

)

Fair value of PIPE make-whole liability

(2,071

)

Fair value of Private Warrants

(150

)

Net equity impact of the Merger

$

(16,182

)