Shares

Chavant public shares, net of redemptions

111,005

Chavant founder shares, net of shares forfeited

1,341,369

PIPE investors’ shares

1,975,000

Settlement of PIPE warrant

199,800

Sponsor PIPE subscription

199,737

Settlement of Sponsor Warrant

272,182

Settlement of warrant to non-redeeming shareholder

202,489

Amendment to Business Combination Marketing Agreement

280,000

Total Chavant shares outstanding immediately prior to the Merger

4,581,582

Legacy Mobix rollover shares

18,139,258

Conversion of Legacy Mobix convertible notes

30,045

Conversion of Legacy Mobix SAFEs

150,953

Total number of Class A common shares issued in the Merger

22,901,838

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:

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

)