Peraso Confirms Receipt of Unsolicited, Non-Binding Acquisition Proposal from Mobix Labs, Inc.
Peraso (NASDAQ:PRSO) has received an unsolicited, non-binding acquisition proposal from Mobix Labs. The proposal offers to acquire all of Peraso's equity securities in exchange for Mobix common stock at approximately $1.20 per share, representing a 20% premium based on a 30-day average.
Peraso disputes several claims made in Mobix's press release, including financial information and Nasdaq listing requirements. The company reported Q1 2025 revenue of $3.8 million and FY 2024 revenue of $14.2 million. Peraso confirms it maintains Nasdaq listing compliance through the stockholders' equity alternative, requiring $2.5 million in equity, rather than the $35 million market value requirement cited by Mobix.
Peraso's Board of Directors will evaluate the proposal to determine the best course of action for shareholders. No immediate action is required from stockholders.
Peraso (NASDAQ:PRSO) ha ricevuto una proposta di acquisizione non richiesta e non vincolante da parte di Mobix Labs. La proposta prevede l'acquisto di tutte le azioni di Peraso in cambio di azioni ordinarie Mobix a circa 1,20 $ per azione, rappresentando un premio del 20% basato sulla media degli ultimi 30 giorni.
Peraso contesta diverse affermazioni riportate nel comunicato stampa di Mobix, inclusi dati finanziari e requisiti di quotazione Nasdaq. La societ脿 ha comunicato un fatturato del primo trimestre 2025 pari a 3,8 milioni di dollari e un fatturato per l'intero anno fiscale 2024 di 14,2 milioni di dollari. Peraso conferma di mantenere la conformit脿 ai requisiti di quotazione Nasdaq attraverso l'alternativa del patrimonio netto degli azionisti, che richiede 2,5 milioni di dollari di patrimonio, anzich茅 il requisito di 35 milioni di dollari di valore di mercato citato da Mobix.
Il Consiglio di Amministrazione di Peraso valuter脿 la proposta per determinare la migliore strategia per gli azionisti. Non 猫 richiesta alcuna azione immediata da parte degli azionisti.
Peraso (NASDAQ:PRSO) ha recibido una propuesta de adquisici贸n no solicitada y no vinculante por parte de Mobix Labs. La propuesta ofrece adquirir todas las acciones de Peraso a cambio de acciones ordinarias de Mobix a aproximadamente $1.20 por acci贸n, lo que representa una prima del 20% basada en el promedio de 30 d铆as.
Peraso disputa varias afirmaciones hechas en el comunicado de prensa de Mobix, incluyendo informaci贸n financiera y requisitos de cotizaci贸n en Nasdaq. La compa帽铆a report贸 ingresos del primer trimestre de 2025 por $3.8 millones y ingresos del a帽o fiscal 2024 por $14.2 millones. Peraso confirma que mantiene el cumplimiento de los requisitos de cotizaci贸n en Nasdaq mediante la alternativa del patrimonio neto de los accionistas, que requiere $2.5 millones en patrimonio, en lugar del requisito de valor de mercado de $35 millones citado por Mobix.
El Consejo de Administraci贸n de Peraso evaluar谩 la propuesta para determinar la mejor acci贸n para los accionistas. No se requiere ninguna acci贸n inmediata por parte de los accionistas.
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Peraso (NASDAQ:PRSO) a re莽u une proposition d'acquisition non sollicit茅e et non contraignante de la part de Mobix Labs. La proposition offre d'acqu茅rir toutes les actions de Peraso en 茅change d'actions ordinaires Mobix 脿 environ 1,20 $ par action, repr茅sentant une prime de 20 % bas茅e sur une moyenne sur 30 jours.
Peraso conteste plusieurs affirmations faites dans le communiqu茅 de presse de Mobix, notamment les informations financi猫res et les exigences de cotation au Nasdaq. La soci茅t茅 a d茅clar茅 un chiffre d'affaires du premier trimestre 2025 de 3,8 millions de dollars et un chiffre d'affaires annuel 2024 de 14,2 millions de dollars. Peraso confirme qu'elle respecte les crit猫res de cotation Nasdaq via l'alternative des capitaux propres des actionnaires, qui exige 2,5 millions de dollars en capitaux propres, et non la valeur de march茅 de 35 millions de dollars mentionn茅e par Mobix.
Le conseil d'administration de Peraso examinera la proposition afin de d茅terminer la meilleure d茅marche pour les actionnaires. Aucune action imm茅diate n'est requise de la part des actionnaires.
Peraso (NASDAQ:PRSO) hat ein unverlangtes, unverbindliches 脺bernahmeangebot von Mobix Labs erhalten. Das Angebot sieht vor, alle Aktien von Peraso gegen Mobix-Stammaktien zu etwa 1,20 $ pro Aktie zu erwerben, was einer Pr盲mie von 20 % auf Basis des 30-Tage-Durchschnitts entspricht.
Peraso bestreitet mehrere Behauptungen in der Pressemitteilung von Mobix, darunter finanzielle Angaben und Nasdaq-Listing-Anforderungen. Das Unternehmen meldete Ums盲tze von 3,8 Millionen $ im ersten Quartal 2025 und 14,2 Millionen $ f眉r das Gesch盲ftsjahr 2024. Peraso best盲tigt, dass es die Nasdaq-Listing-Anforderungen durch die Alternative des Eigenkapitals der Aktion盲re erf眉llt, die 2,5 Millionen $ Eigenkapital erfordert, statt des von Mobix genannten Marktwerts von 35 Millionen $.
Der Vorstand von Peraso wird das Angebot pr眉fen, um den besten Weg f眉r die Aktion盲re zu bestimmen. Von den Aktion盲ren wird keine sofortige Handlung erwartet.
- Acquisition offer represents a 20% premium over recent trading prices
- Company maintains compliance with Nasdaq listing requirements through stockholders' equity alternative
- Q1 2025 revenue of $3.8 million and FY 2024 revenue of $14.2 million show ongoing business operations
- Unsolicited and non-binding nature of the proposal creates uncertainty
- Disputed financial information in Mobix's press release raises concerns about deal transparency
- Stock-based transaction structure exposes shareholders to potential value fluctuations
Insights
Mobix's unsolicited $1.20/share offer for Peraso comes with disputed claims about financials and Nasdaq compliance requirements.
Peraso has received an unsolicited, non-binding acquisition proposal from Mobix Labs valuing the company at approximately
What's particularly notable here is Peraso's direct challenge to Mobix's public representations. The company explicitly states that Mobix's characterizations contain potentially inaccurate information on two critical fronts:
First, Peraso clarifies its actual revenue figures:
Second, Peraso refutes Mobix's claim about Nasdaq compliance issues. Contrary to Mobix's assertion that Peraso must reach a
These discrepancies suggest potentially concerning dynamics. Mobix may be attempting to create pressure by overstating compliance challenges, while potentially understating Peraso's financial performance to justify their offer price. The board's measured response - evaluating options without committing to negotiations - signals they likely view this as a lowball offer with problematic representations.
The
SAN JOSE, CA / / June 27, 2025 / 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
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
Investors are urged to read the Company's filings with the Securities and Exchange Commission (the "SEC"), including its Annual Report on Form 10-K for the year ended December 31, 2024, and its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025. These filings contain audited and reviewed financial statements and remain the authoritative source of information regarding the Company's financial position and results of operations.
In addition, the Company is currently in compliance with all applicable continued listing requirements of the Nasdaq Stock Market. Mobix's press release incorrectly states that, based on the Company's recent SEC filings, the Company must raise its market value to at least
Peraso's Board of Directors is evaluating the Company's options to enhance stockholder value. The Company's Board of Directors and management team are committed to acting in the best interests of all stockholders. Consistent with its fiduciary duties and in consultation with the Company's financial and legal advisors, the Board of Directors will carefully review Mobix's proposal to determine the course of action that it believes is in the best interest of the Company and its stockholders. The Company does not intend to make further comments regarding potential transactions or provide any public updates regarding proposed or potential transactions, unless required by applicable law or a regulatory body. There can be no assurance that any transaction will be completed at this price or at any other price with such third party or any other third party.
No action is required by Peraso stockholders at this time.
About Peraso Inc.
Peraso Inc. (NASDAQ:PRSO) is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, modules, software, and IP. Peraso supports a variety of applications, including fixed wireless access, military, immersive video, and factory automation. For additional information, please visit www.perasoinc.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the "safe harbor" created by those sections. All statements in this release that are not based on historical fact are "forward-looking statements." These statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "strategy," "goal," or "planned," "seeks," "may," "might", "will," "expects," "intends," "believes," "could," "should," and similar expressions, or the negative versions thereof, and which also may be identified by their context. There can be no assurance that the Company will enter into negotiations with Mobix or a third party for the sale of the Company, the non-binding proposal or a third-party proposal will result in a formal offer or that any such offer will ultimately result in a completed transaction.
Forward-looking statements are based on certain assumptions and expectations of future events that are subject to risks and uncertainties. Actual results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors. These factors include, but are not limited to: risks related to the Company's business as a result of the time necessary to review and explore the proposal from Mobix and potentially other proposals, including the potential loss of customers, loss of revenue and other negative impacts from the time management must devote to these discussions; risks related to the loss of personnel; general acquisition-related risks, including costs and cash expenditures associated with exploring and executing a potential transaction; the Company's continued compliance with the continued listing requirements and standards of the Nasdaq Stock Market; timing, receipt and fulfillment of customer orders associated with the Company's mmWave products and solutions; anticipated use of mmWave by customers and intended users of the Company's products; the availability and performance of Peraso's products and solutions; the successful integration of Peraso's products and technology with customer and third-party semiconductor, antenna and system solutions; reliance on manufacturing partners to assist successfully with the fabrication of the Company's ICs and antenna modules; availability of quantities of ICs supplied by manufacturing partners at a competitive cost; level of intellectual property protection provided by the Company's patents; vigor and growth of markets served by the Company's customers and its operations; and other risks included in the Company's SEC filings. Peraso undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.
Peraso and the Peraso logo are registered trademarks of Peraso Inc. in the U.S. and/or other countries.
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Company Contact:
Jim Sullivan, CFO
Peraso Inc.
P: 408-418-7500
E: [email protected]
SOURCE: Peraso Inc.
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