$PRSO $MOBX Mobix Labs Moves Decisively with All-C
Post# of 109425

https://www.globenewswire.com/news-release/20...rowth.html
IRVINE, Calif., Oct. 06, 2025 (GLOBE NEWSWIRE) -- Mobix Labs, Inc. (Nasdaq: MOBX), a provider of advanced connectivity and sensing solutions, today announced that it has formally delivered an updated all-cash proposal to acquire 100% of Peraso, Inc. (Nasdaq: PRSO).
Under the terms of the proposal, Peraso stockholders would receive $1.30 per share in cash, representing a 53% premium over Peraso’s 20-day volume-weighted average price (VWAP) of $0.85 per share on the Nasdaq exchange for the 20 trading days ended September 4, 2025 — the last trading day before Mobix Labs’ previous public offer.
Mobix Labs views this proposal as a continuation of its disciplined M&A strategy focused on creating long-term stockholder value and accelerating top-line growth.
This new all-cash proposal provides immediate value for Peraso investors and represents another decisive move by Mobix Labs to drive growth, expand its technology leadership, and deliver substantial long-term value for its stockholders. The proposal is based on Peraso’s publicly reported share count and includes customary adjustment provisions.
53% Premium — Delivering Immediate Value for Peraso Shareholders
Mobix Labs’ new offer supersedes its prior mix of cash and stock, making it 100% cash and eliminating all market uncertainty.
Immediate 53% premium over Peraso’s 20-day VWAP.
All cash — no volatility, no waiting. Stockholders receive guaranteed value at closing.
The all-cash structure underscores Mobix Labs’ confidence and readiness to execute.
“Our all-cash $1.30 offer delivers immediate value today and establishes a strong foundation for future growth,” said Keyvan Samini, President and Chief Financial Officer of Mobix Labs. “This proposal underscores Mobix Labs’ belief in the significant strategic potential of this combination. It’s straightforward, it’s certain, and it’s designed to create value for both sets of stockholders.”
Strategic Synergy: Combining Strengths to Drive Revenue and Expansion
Mobix Labs views Peraso’s wireless and millimeter-wave technologies as a perfect complement to its growing leadership in aerospace, defense, and next-generation connectivity.
Together, the combined company is expected to:
Accelerate revenue growth through cross-market opportunities and new customer channels.
Capture market share across multiple high-growth technology sectors.
Unlock efficiencies and scalability that strengthen profitability and margins.
“Peraso’s technology aligns perfectly with Mobix Labs’ strategic vision,” Samini added. “By integrating Peraso’s products and expertise, we can scale faster, grow revenue across more markets, and strengthen our position as a leading innovator in advanced connectivity and defense solutions.”
Friendly, Forward-Looking Approach
Mobix Labs confirmed that its all-cash offer has been delivered directly to Peraso’s Board of Directors.
“Mobix Labs has always preferred partnership over confrontation,” Samini said. “We are ready to work collaboratively with Peraso’s Board to deliver this compelling value quickly and seamlessly. This transaction is designed to benefit everyone — Peraso investors, Mobix Labs stockholders, and the future of both companies.”
At this time, the proposal is not a formal solicitation or tender offer to acquire Peraso shares. Should Mobix Labs proceed with a tender offer, it will do so in full compliance with all applicable securities laws and regulations. The company reaffirmed its preference for an amicable, cooperative process with Peraso’s leadership to deliver maximum value for both companies’ stockholders.

