Mobix Labs, Inc.
(NASDAQ:MOBX) shares are trading higher Thursday after the company announced it signed a binding Letter of Intent to acquire Vision Aerial, a Montana-based manufacturer of American-built drones.
Mobix shares are powering higher.
What's driving MOBX stock higher?
Acquisition Expands Mobix Into Drone Market Mobix said the acquisition would expand the company into the global drone and aerial intelligence markets and represents the latest step in its previously announced strategy to grow through targeted, mission-critical acquisitions.
