Peraso Inc. (NASDAQ: PRSO), a leading innovator in mmWave wireless solutions, has officially acknowledged receipt of an unsolicited, non-binding acquisition proposal from Mobix Labs, Inc. (NASDAQ: MOBX). The offer proposes a stock-for-stock exchange that values Peraso at approximately $1.20 per share, representing a 20% premium over its 30-day average closing price. However, Peraso is contesting several key points made in Mobix’s June 26 press release.
Financials Mischaracterized, Says Peraso
Peraso rebuffed Mobix’s suggestion that the company is generating only $1.5 million in quarterly revenue from mmWave products. According to Peraso, its total Q1 2025 revenue was approximately $3.8 million, with full-year 2024 revenue reaching $14.2 million—figures that are materially higher than those cited by Mobix.
The company directed investors to its SEC filings, including the 2024 10-K and Q1 2025 10-Q, which provide audited and reviewed financials. “These filings remain the authoritative source for Peraso’s financial performance,” the company stated.
Nasdaq Compliance Addressed
Mobix also claimed that Peraso risks Nasdaq delisting unless it achieves a $35 million market cap by November 2025. Peraso categorically denied this, clarifying that it is currently in compliance with Nasdaq’s listing rules under Rule 5550(b)(1) by maintaining stockholders’ equity above $2.5 million, an alternative path to continued listing. The company called Mobix’s assertion “incorrect” and “potentially misleading.”
In addition to Peraso Inc.’s (NASDAQ: PRSO) acquisition news today keep an eye on other stocks: Globavend Ltd (NASDAQ: GVH), Bone Biologics Corp (NASDAQ: BBLG), NanoVibronix Inc. (NASDAQ: NAOV), SaverOne 2014 Ltd. (NASDAQ: SVRE), Nuburu Inc. (NASDAQ: BURU) and Synergy Corp. “Focusfactor” (NASDAQ: SNYR) as they are moving aggressively in early trading today.
Board Evaluation and Response
Peraso’s Board of Directors is evaluating all strategic options to maximize shareholder value and has not yet accepted or rejected Mobix’s offer. The company emphasized its commitment to acting in the best interests of shareholders and is working closely with legal and financial advisors to assess the proposal.
“This offer significantly undervalues Peraso’s mmWave leadership and growth trajectory,” one source close to the company noted. “We believe Peraso has the momentum and foundation to create far greater long-term value than the $1.20 per share offer suggests.”
The company added it will not provide ongoing commentary on potential M&A activity unless legally required, and there is no guarantee that a transaction with Mobix—or any other party—will materialize.
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