Peraso Receives Unsolicited Acquisition Proposal from Mobix Labs at $1.20 per Share, Refutes Nasdaq Compliance Claims

Peraso, a leader in mmWave wireless technology solutions, has received a non-binding acquisition proposal from Mobix Labs at $1.20 per share, a 20% premium over its 30-day average trading price. Peraso disputes Mobix's claims about Nasdaq compliance and financials, and its Board of Directors is evaluating the proposal with the help of financial and legal advisors. No immediate action is required from shareholders.

Peraso Inc. (NASDAQ: PRSO), a leading provider of mmWave wireless technology solutions, has confirmed the receipt of an unsolicited, non-binding acquisition proposal from Mobix Labs Inc. (NASDAQ: MOBX). The proposal, valued at approximately $1.20 per share, represents a 20% premium over the company's 30-day average trading price.

The acquisition proposal, announced on June 27, 2025, suggests that Mobix Labs is interested in acquiring all of Peraso's issued and outstanding equity securities in exchange for newly issued shares of Mobix common stock. This move is part of Mobix Labs' strategic growth plan, aiming to capitalize on operational synergies that could enhance overall profitability.

However, Peraso Inc. has disputed certain financial information and characterizations provided by Mobix Labs in its press release dated June 26, 2025. For instance, Peraso reported net revenue of approximately $3.8 million for the three months ended March 31, 2025, and $14.2 million for the fiscal year ended December 31, 2024. Mobix Labs, in its release, had stated that "Peraso Q1 2025 revenue exceeded that for its entire 2024 fiscal year," which Peraso has disputed.

Peraso's Board of Directors is currently evaluating the proposal, consulting with financial and legal advisors to determine the best course of action. The company emphasizes that no immediate action is required from shareholders. Peraso remains committed to acting in the best interests of all stockholders, consistent with its fiduciary duties.

The acquisition proposal has sparked interest in the market, with Peraso's stock increasing by 6.4% in pre-market trading following the announcement. Wall Street analysts have provided a one-year price target forecast for Peraso Inc., reflecting optimism and potential for growth. The average target price stands at $3.28, with a high estimate of $3.75 and a low estimate of $2.75.

References:
[1] https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/peraso-confirms-receipt-of-unsolicited-non-binding-acquisition-pr-1043670
[2] https://www.gurufocus.com/news/2947374/mobix-labs-mobx-proposes-acquisition-of-peraso-prso-with-20-premium?mod=mw_quote_news&r=4bf001661e6fdd88d0cd7a5659ff9748
[3] https://seekingalpha.com/news/4463214-peraso-confirms-receipt-of-acquisition-proposal-from-mobix-labs