Mobix Labs(US:MOBX) Globenewswire·2025-11-20 23:39Core Points - Mobix Labs, Inc. has filed a verified complaint in the Delaware Court of Chancery against several defendants, including Tik Yang Tse, for fraud, intentional misrepresentation, and breach of investment obligations [1][2] - The lawsuit claims that ACE failed to fulfill its obligation to provide $30 million in funding related to Mobix's business merger in 2023, as stipulated in the subscription agreement [1][2] - Mobix is seeking over $250 million in damages and punitive damages, along with a specific performance of the $30 million equity investment commitment from ACE [2] Company Overview - Mobix Labs, Inc. is a rapidly developing semiconductor and defense technology company based in Irvine, California, focused on providing advanced wireless and wired connectivity solutions for next-generation communication systems [4] - The company's solutions support various high-reliability markets, including aerospace, defense, 5G, medical, and industrial sectors [4]