Peraso Confirms Mobix Labs' $1.20/Shr Non-Binding Takeover Proposal

Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today confirmed that it has received an unsolicited, non-binding proposal from Mobix Labs, Inc. ("Mobix") to acquire all of the Company's issued and outstanding equity securities in exchange for newly issued shares of Mobix common stock, with a fixed exchange ratio based on the average daily closing price of the Company's common stock over the 30 calendar days ending on June 11, 2025, plus a 20% premium, or approximately $1.20 per share.

Peraso believes that certain financial information and characterizations of the Company included in Mobix's press release dated June 26, 2025 are potentially inaccurate.

For example, the Company reported net revenue of approximately $3.8 million for the three months ended March 31, 2025, and approximately $14.2 million for the fiscal year ended December 31, 2024.