Mobix Labs (MOBX) announced it has submitted a non-binding proposal to the board of directors of Emcore (EMKR) to acquire all of Emcore’s outstanding shares for $3.80 per share in cash. Mobix Labs’ all cash proposed offer to the Emcore board represents a more than 200% premium over Emcore’s current stock price as of September 27. Based upon its 2022 and 2023 10-K filings, Emcore’s revenue in its fiscal year ending 9/30/23 grew 115% to $97M from the prior year. Mobix Labs’ proposal has the support of its board of directors. Mobix Labs’ all cash offer is subject to the approval of the Emcore board of directors, the execution of a definitive agreement between Mobix Labs and Emcore, and any shareholder approval that may be required by law.

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