Peraso Stock Price, News & Analysis

Peraso (NASDAQ:PRSO), a mmWave wireless technology solutions company, has announced the exercise of Series C warrants for $1.1 million in gross proceeds. The agreement involves the immediate exercise of warrants to purchase 952,380 shares at a reduced price of $1.18 per share.

As part of the transaction, Peraso will issue new unregistered Series E warrants to purchase an equal number of shares at $1.25 per share, exercisable after six months with a term of 5.5 years. The company plans to use the proceeds for working capital and general corporate purposes. Ladenburg Thalmann & Co. Inc. serves as the exclusive placement agent.

Peraso (NASDAQ:PRSO) has announced a strategic partnership with WeLink Communications to deploy high-speed broadband solutions in dense urban areas. WeLink will utilize Peraso's 60 GHz mmWave technology to deliver multi-gigabit connectivity through a mesh-based fixed-wireless access architecture.

WeLink is currently operating in three major U.S. metropolitan markets with plans for expansion. The partnership aims to provide affordable, fiber-class broadband access to traditionally underserved communities, offering speeds up to 2 Gbps at lower costs and faster deployment times compared to traditional fiber infrastructure.

Peraso (NASDAQ:PRSO) has provided an update on its strategic review process, focusing on a potential acquisition offer from Mobix Labs. The company received two letters from Mobix Labs, including a revised acquisition proposal with undetermined cash and stock consideration. While Mobix Labs refuses to enter a full confidentiality agreement, they've expressed willingness to consider a limited arrangement without standstill provisions.

Peraso's Board has authorized a limited exploratory call with Mobix Labs without sharing material non-public information. Multiple other parties are actively participating in the strategic review process under standard confidentiality agreements with standstill provisions, as the company continues to evaluate options to maximize stockholder value.

Mobix Labs (Nasdaq: MOBX) has enhanced its acquisition proposal for Peraso (Nasdaq: PRSO) by adding a cash component to its previous all-stock offer. The improved proposal aims to provide Peraso stockholders with immediate cash value upon closing while maintaining participation in the combined company's future growth potential.

Despite Mobix Labs' repeated attempts to engage with Peraso's Board of Directors, discussions have been unsuccessful. Mobix has requested a response from Peraso's Board by 5:00 p.m. Pacific Time on September 8, 2025. If the Board continues to decline engagement, Mobix Labs is prepared to take the offer directly to Peraso stockholders, although their preference remains a cooperative, negotiated transaction.

Peraso (NASDAQ:PRSO), a mmWave wireless technology solutions company, provided an update on its strategic review process initiated on July 11, 2025. The company's board authorized exploration of strategic alternatives including a potential merger or sale of assets, with Craig-Hallum Capital Group LLC serving as financial advisor.

The update specifically addresses an unsolicited non-binding proposal from Mobix Labs. While Peraso invited interested parties to participate in the process under standard confidentiality agreements, Mobix declined to sign the agreement and receive non-public information. Instead, Mobix requested direct board engagement and indicated it might present its proposition directly to stockholders.

Peraso maintains its position on requiring confidentiality agreements to ensure fair treatment and proper information safeguarding for all parties involved in the strategic review process.

Peraso (NASDAQ:PRSO) reported Q2 2025 financial results, highlighting a significant growth in mmWave product revenue, which increased 45% sequentially and over 200% year-over-year. Total revenue was $2.2 million, down from $3.9 million in Q1 2025 and $4.2 million in Q2 2024, primarily due to the completion of memory IC products end-of-life shipments.

The company achieved notable milestones, including surpassing two million cumulative shipments of mmWave devices and securing Tachyon Networks as a partner for 60 GHz fixed wireless solutions. GAAP gross margin was 48.3%, with a GAAP net loss of $1.8 million ($0.31 per share). Looking ahead, Peraso expects Q3 2025 revenue between $2.8-3.1 million.

Peraso (NASDAQ:PRSO), a pioneer in mmWave wireless technology solutions, will release its Q2 2025 financial results on Monday, August 11, 2025, after market close. The company will host a conference call at 1:30 PM PT (4:30 PM ET) to discuss results and business outlook.

Investors can access the conference call via phone (1-888-506-0062) using passcode 367678 or through a webcast on Peraso's website. A replay will be available until August 18, 2025, by calling 1-877-481-4010 with passcode 52752. Supporting materials will be available on the company's Investor Relations website after the call.

Peraso (NASDAQ:PRSO), a mmWave wireless technology solutions company, announced that Tachyon Networks has selected its PRM2141X module for integration into Tachyon's new TNA-303L-65 outdoor 60 GHz fixed wireless solution.

The collaboration aims to deliver fiber-class speeds in a compact form factor, offering gigabit connectivity without the need for traditional fiber infrastructure. The TNA-303L-65 can support up to 48 client terminals per sector and delivers throughput of up to 1 Gbps with a range exceeding 3 kilometers.

Key features include full 60 GHz band support (57-71 GHz), weatherproof design, integrated antenna, and compatibility with existing TNA-300 series solutions, positioning it as a cost-effective alternative for both urban and rural broadband deployment.

Peraso (NASDAQ:PRSO), a mmWave wireless technology solutions company, has announced its board of directors is exploring strategic alternatives to maximize stockholder value. The company has engaged Craig-Hallum Capital Group LLC as financial advisor for this process, which may include a merger, sale of assets, or similar transactions.

The board continues to evaluate an unsolicited non-binding proposal from Mobix Labs disclosed on June 27, 2025. Additionally, management is seeking various funding arrangements to address short-term cash needs while implementing cost-saving measures through expenditure delays and deferrals.