Mobix Labs announces meeting with Peraso regarding acquisition proposal

Mobix Labs (MOBX) announced that it held a meeting with Peraso (PRSO) regarding Mobix Labs’ enhanced cash-and-stock proposal to acquire the company. Both sides agreed to continue discussions, and Mobix Labs reaffirmed its intention to close the transaction within the next 75 days. Under its enhanced proposal, Mobix Labs intends to provide Peraso stockholders with a transaction structured as approximately 30% cash and 70% Mobix Labs common stock. “This meeting underscored what we have believed from the outset: Mobix Labs and Peraso are a natural strategic fit,” said Phil Sansone, CEO of Mobix Labs. “Peraso brings deep expertise in millimeter wave and wireless technologies, which complements Mobix Labs’ momentum in aerospace, defense, and advanced connectivity. Together, we can broaden our product portfolio, accelerate innovation, and compete more effectively in markets where demand is expanding rapidly. Our proposal gives stockholders the best of both worlds – immediate cash value and a stake in Mobix Labs’ long-term growth – and we have stated our intention to close this transaction within 75 days.”