Chavant Capital Acquisition Corp.
CLAYW
NASDAQ Capital Market0.05
USD
+0.01
- -
CIK
0001855467
ISIN
KYG2058L1115
CUSIP
G2058L111
Return %
Stock
S&P500
1Y
-74.87
18.21
3Y
-90.74
63.29
5Y
-90.74
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Jiong Ma
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 445 Park Avenue New York City NY United States of America 10022
- IPO Date
- Aug 13, 2021
- CIK
- 0001855467
- Similar Companies
- Business
- Chavant Capital Acquisition Corp. Chavant Capital Acquisition Corp. (CLAYW), a blank check company sponsored by Chavant Capital Partners LLC, focuses on effecting mergers, capital stock exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations, primarily targeting companies in the advanced manufacturing and advanced materials technology sectors; it offers no independent products or services beyond facilitating such transactions through its special purpose acquisition company structure. Founded in 2021 and headquartered at 445 Park Avenue, 9th Floor, New York, New York, the company completed its initial public offering in July 2021, raising $80 million through 8 million units traded on Nasdaq under CLAYU. Geographically, Chavant Capital Acquisition Corp. pursues targets primarily in North America while maintaining a global outlook. In November 2022, Chavant Capital Acquisition Corp. announced a definitive business combination with Mobix Labs, Inc., a fabless semiconductor firm developing next-generation wireless mmWave 5G connectivity solutions for infrastructure, satellite communications, and defense applications, valuing the pro forma enterprise at $276 million; the deal included a $30 million common stock PIPE commitment and a non-binding $100 million equity line of credit term sheet with B. Riley Principal Capital II, LLC. Shareholders approved the transaction on December 18, 2023, following multiple extensions of the completion deadline from January 2023 through July 2024, with the merger closing on December 21, 2023, in a reverse merger where Chavant Capital Acquisition Corp. became a subsidiary of the combined entity, renamed Mobix Labs, Inc., whose Class A common stock and warrants commenced trading on Nasdaq under MOBX and MOBXW, respectively. The CLAYW warrants persist as outstanding securities related to the pre-merger structure.