🟢 Mobix Labs is trading 10.2% up today on Vision Aerial acquisition and rebranding plans

Mobix Labs is trading 10.2% up at $1.99 following the announcement of a strategic acquisition and a corporate rebranding initiative.

• The company signed a definitive agreement to acquire U.S.-based drone manufacturer Vision Aerial for approximately $15 million, marking an expansion into the drone and aerial intelligence markets.
• The Board of Directors approved a plan to rebrand the company as NSM Labs to better align its corporate identity with its new growth strategy and the recent acquisition.