- Special Project Delivery signed a definitive merger agreement with Winner Water Services, allowing the latter to join the National Security Matters initiative spearheaded by Mobix Labs (NASDAQ:MOBX).
- Mobix Labs is a US-based company specializing in electronic components and connectivity solutions for mission-critical industries.
- Shares of Mobix Labs are down by 21.35% trading at US$0.66 as of 11:36 am ET.
Special Project Delivery (SPD), a US infrastructure company focused on water, energy, critical minerals and rare earth elements (REEs), signed a definitive merger agreement with Winner Water Services, a US specialist in the extraction of alumina, scandium and REEs from coal combustion residuals.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
The agreement, signed on September 30, 2026, will allow Winner Water to join the National Security Matters (NSM) initiative spearheaded by Mobix Labs (NASDAQ:MOBX), a technology provider for the aerospace, defense and communications industries.
The news follows SPD’s own merger agreement with Mobix to grow the NSM initiative, whose goal is to advance the systems, resources and infrastructure at the heart of US national security.
Over the past decade, Winner Water and its research partners have received US$53 million in funding from the Department of Energy and the Department of Defense, helping the company to begin construction of its REE extraction demonstration plant in August 2026 at the National Carbon Capture Center in Wilsonville, Alabama.
According to Monday’s news release, Winner Water’s proprietary and permit-independent metallurgical recovery process, combined with its readily accessible feed material, grant it a first-mover advantage over any other domestic source of REEs.
The merger is slated to close in connection with SPD and Mobix’s business combination, contingent on Winner and Mobix shareholder approvals.
Leadership commentary
“Winner Water, with Chief Executive Officer Karen Winner Sed at the helm, has distinguished itself from the pack. Karen has kept a technically demanding company funded, focused and advancing for more than a decade, and built a team that two federal agencies have chosen to back over and again,” Paul Singarella, Chief Executive Officer of SPD, said in Monday’s news release. “We have worked alongside Karen, Winner President Todd Beers, and the rest of the Winner team for several years, complementing each other’s strengths and building toward this combination, and we are thrilled to reach this milestone with them. Together, we are at the center of addressing the nation’s current dependence on foreign sources and supply chains to meet its critical minerals demands.”
“I am very proud to be carrying forward my dad’s legacy, the building of our Winner Water team and the critical minerals expertise that team has gained over the last decade,” Winner Sed added, paying respects to her father, Jim Winner, whose legacy of business development includes Winner Water and The Club, the famed anti-theft steering wheel lock. “The timing is now to position Winner to meet the capital requirements needed for our infrastructure build. Combining with Paul and Special Project Delivery is our next giant step towards achieving that objective and fulfilling my dad’s vision.”
About Mobix Labs
Mobix Labs is a US-based company specializing in electronic components and connectivity solutions for mission-critical industries, including defense, aerospace and communications.
Mobix Labs stock (NASDAQ:MOBX) is down by 21.35% trading at US$0.66 as of 11:36 am ET.
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