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Investing.com -- Peraso Inc (NASDAQ:PRSO) stock fell 3% after the mmWave wireless technology solutions provider announced that its board of directors has authorized the exploration of strategic alternatives to maximize stockholder value.
The company said it is considering options including a merger, sale of assets, or similar transactions. Peraso has retained Craig-Hallum Capital Group LLC as its financial advisor to assist with the exploration process, though the company cautioned that there is no guarantee the process will result in any strategic alternative.
As part of this process, Peraso’s board is continuing to evaluate an unsolicited non-binding proposal from Mobix Labs, Inc., which was previously disclosed on June 27, 2025. The company is also pursuing various potential funding arrangements to address short-term cash needs while conserving cash by delaying or deferring certain expenditures.
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