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Investing.com -- Peraso Inc (NASDAQ:PRSO) stock surged 85% in premarket trade Friday following an enhanced acquisition proposal from Mobix Labs Inc (NASDAQ:MOBX), which added a cash component to its previous all-stock offer.
Mobix Labs, a provider of advanced connectivity and sensing solutions, announced it has improved its bid to acquire Peraso by offering a combination of immediate cash and stock in the merged company. The revised proposal aims to provide Peraso stockholders with both certain value at closing and participation in the potential growth of the combined entity.
"This is a rare opportunity for Peraso stockholders," said Keyvan Samini, President and Chief Financial Officer of Mobix Labs. "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."
According to Mobix Labs, the company has made multiple attempts to engage with Peraso’s Board of Directors regarding its acquisition proposal, but the board has declined to meet. Mobix Labs 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 its preference is for a "cooperative, negotiated transaction."
The specific terms of the cash component were not disclosed in the announcement.
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