Mobix Labs Takes Action Against Denis Tse, ACE Equity Partners International, Asia-IO, and ACE SO4 to Recover Over $250 Million in Damages

Core Viewpoint - Mobix Labs, Inc. has filed a Verified Complaint in the Delaware Court of Chancery against ACE Equity Partners and its affiliates for alleged fraudulent conduct and breach of contract regarding a $30 million financing obligation [1][2][3] Group 1: Allegations and Legal Actions - The lawsuit claims that ACE failed to deliver the $30 million in financing that was contractually obligated in connection with Mobix's business combination in 2023 [2] - Specific allegations against Denis Tse include personal participation in negotiations and intentional misrepresentations that induced Mobix to enter into the Subscription Agreement [2] - Mobix is seeking over $250 million in damages, punitive damages, and specific performance to enforce the $30 million equity investment [3] Group 2: Company Overview - Mobix Labs, Inc. is a fabless semiconductor company based in Irvine, California, specializing in advanced wireless and wired connectivity, RF, switching, and filtering technologies for various high-reliability markets including aerospace, defense, and 5G [4]