Mobix Labs enhances Peraso acquisition offer with cash component

IRVINE, Calif. - Mobix Labs, Inc. (Nasdaq:MOBX), a technology company with a market capitalization of $59.39 million and impressive revenue growth of 180% over the last twelve months, announced Monday it has enhanced its proposal to acquire Peraso, Inc. (Nasdaq:PRSO) by adding a cash component to its original all-stock offer.

The revised proposal combines immediate cash value with equity participation in the combined company, according to a press release statement. Mobix Labs has been seeking engagement with Peraso’s Board of Directors but reports that the board has declined to meet, even for non-confidential discussions. According to InvestingPro data, Mobix Labs’ stock has experienced a -10.17% decline over the past week, though maintaining a positive 9.64% return over the past year.

"Our enhanced proposal delivers real cash in hand on closing and the chance to share in the long-term growth of a stronger, more competitive company," said Keyvan Samini, President and Chief Financial Officer of Mobix Labs.

The company has requested a response from Peraso’s board by 5:00 p.m. Pacific Time on Monday, September 8, 2025. Mobix Labs indicated it is prepared to take the offer directly to Peraso stockholders if the board continues to refuse engagement, though it prefers a negotiated transaction.

Specific financial terms of the enhanced offer were not disclosed in the announcement.

Mobix Labs describes itself as a provider of advanced connectivity and defense technology solutions for mission-critical applications with products deployed in defense platforms and communication systems worldwide.

The announcement comes as Peraso faces what Mobix characterized as an "uncertain outlook," though no specific details about Peraso’s current financial situation were provided in the press release.

In other recent news, Mobix Labs, Inc. announced a significant contract win to develop drone-based, AI-powered inspection technology for the U.S. rail industry through its Wireless division, RaGE Systems. This initiative is aimed at improving the inspection process for over 100,000 railroad bridges across the country. Additionally, Mobix Labs secured approximately $4.5 million in gross proceeds through a warrant exercise agreement involving the purchase of about 5.5 million shares of Class A common stock. Roth Capital Partners is acting as the financial advisor for this transaction. In another financial move, the company completed $2.15 million in unregistered equity and debt financings to bolster its working capital and financial flexibility. This included a secured promissory note with Lendspark Corporation valued at $550,000. Furthermore, Mobix Labs appointed its CEO, Philip Sansone, to the board as a Class I director, with his term set to expire at the 2028 Annual Meeting of Stockholders. These developments reflect Mobix Labs’ strategic efforts to strengthen its financial standing and expand its technological capabilities.

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