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Catalyst IR handles Mobix Labs as it signs a “non-binding letter of intent” to acquire Special Project Delivery LLC, a privately owned platform with positions in US rare earth properties.
A deal would strengthen Mobix’s position of supplying the defense and aerospace sector with rare earth elements.
"Today, rare earths and critical minerals have become one of the defining competitive battlegrounds of the next decade," said Mobix chair James Peterson. “SPD is the right platform at exactly the right moment—federally aligned, technically validated, and assembled by an exceptional team.”
Mobix’s letter of Intent with SPD establishes a framework for due diligence and negotiation of definitive agreements.
There is no assurance that a definitive agreement will be executed or that the proposed transaction will be completed.
Catalyst IR’s Chris Eddy and David Collins handle Mobix.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
