Peraso Provides Update on Strategic Review Process
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), azienda specializzata in soluzioni wireless mmWave, ha fornito un aggiornamento sul processo di revisione strategica avviato l'11 luglio 2025. Il consiglio di amministrazione ha autorizzato l'esplorazione di alternative strategiche, inclusa una possibile fusione o cessione di asset, nominando Craig-Hallum Capital Group LLC come consulente finanziario.
L'aggiornamento tratta in particolare una proposta non sollecitata e non vincolante da parte di Mobix Labs. Sebbene Peraso abbia invitato le parti interessate a partecipare al processo sotto normali accordi di riservatezza, Mobix ha rifiutato di firmare l'accordo e di ricevere informazioni non pubbliche. Invece, Mobix ha chiesto un contatto diretto con il consiglio e ha indicato la possibilità di rivolgersi direttamente agli azionisti.
Peraso conferma la sua posizione: richiede accordi di riservatezza per garantire un trattamento equo e la tutela delle informazioni per tutte le parti coinvolte nel processo di revisione strategica.
Peraso (NASDAQ:PRSO), empresa de soluciones inalámbricas mmWave, ofreció una actualización sobre su proceso de revisión estratégica iniciado el 11 de julio de 2025. La junta autorizó explorar alternativas estratégicas, incluida una posible fusión o venta de activos, designando a Craig-Hallum Capital Group LLC como asesor financiero.
La actualización aborda específicamente una propuesta no solicitada y no vinculante de Mobix Labs. Aunque Peraso invitó a partes interesadas a participar en el proceso bajo los habituales acuerdos de confidencialidad, Mobix se negó a firmar el acuerdo y a recibir información no pública. En su lugar, Mobix solicitó interactuar directamente con la junta e indicó que podría presentar su propuesta directamente a los accionistas.
Peraso mantiene su postura de exigir acuerdos de confidencialidad para asegurar un trato equitativo y la protección adecuada de la información para todas las partes involucradas en la revisión estratégica.
Peraso (NASDAQ:PRSO), mmWave 무선 기술 솔루션 회사는 2025년 7월 11일 시작된 전략적 검토 절차에 대한 최신 소식을 발표했습니다. 이사회는 잠재적 합병 또는 자산 매각을 포함한 전략적 대안 모색을 승인했으며, 재무 자문사로 Craig-Hallum Capital Group LLC를 선정했습니다.
이번 업데이트는 특히 Mobix Labs의 비공식적이고 구속력 없는 제안을 다룹니다. Peraso는 표준 기밀유지계약 하에 관심 있는 당사자들의 참여를 요청했으나, Mobix는 계약 체결과 비공개 정보 수령을 거부했습니다. 대신 Mobix는 이사회와의 직접 접촉을 요구했고, 주주에게 직접 제안을 제시할 가능성도 내비쳤습니다.
Peraso는 전략적 검토 절차에 참여하는 모든 당사자들에 대한 공정한 대우와 정보 보호를 위해 기밀유지계약을 요구한다는 입장을 유지하고 있습니다.
Peraso (NASDAQ:PRSO), société spécialisée dans les solutions sans fil mmWave, a publié une mise à jour concernant son processus de revue stratégique lancé le 11 juillet 2025. Le conseil d'administration a autorisé l'examen d'alternatives stratégiques, y compris une éventuelle fusion ou cession d'actifs, en désignant Craig-Hallum Capital Group LLC comme conseiller financier.
La mise à jour traite en particulier d'une proposition non sollicitée et non contraignante de Mobix Labs. Bien que Peraso ait invité les parties intéressées à participer au processus sous des accords de confidentialité standard, Mobix a refusé de signer l'accord et de recevoir des informations non publiques. Mobix a demandé une prise de contact directe avec le conseil et a indiqué qu'il pourrait présenter son offre directement aux actionnaires.
Peraso maintient sa position de demander des accords de confidentialité afin d'assurer un traitement équitable et la protection adéquate des informations pour toutes les parties impliquées dans la revue stratégique.
Peraso (NASDAQ:PRSO), ein Unternehmen für mmWave-Funklösungen, gab ein Update zu seinem am 11. Juli 2025 gestarteten strategischen Überprüfungsprozess bekannt. Der Vorstand hat die Prüfung strategischer Alternativen, einschließlich einer möglichen Fusion oder Veräußerung von Vermögenswerten, genehmigt und Craig-Hallum Capital Group LLC als Finanzberater beauftragt.
Das Update bezieht sich insbesondere auf ein unaufgefordertes, unverbindliches Angebot von Mobix Labs. Zwar hat Peraso interessierte Parteien zur Teilnahme am Prozess unter üblichen Vertraulichkeitsvereinbarungen eingeladen, doch Mobix weigerte sich, die Vereinbarung zu unterzeichnen und nichtöffentliche Informationen zu erhalten. Stattdessen bat Mobix um direkte Gespräche mit dem Vorstand und signalisierte, dass es sein Angebot ggf. direkt den Aktionären vorlegen könnte.
Peraso bleibt bei seiner Forderung nach Vertraulichkeitsvereinbarungen, um eine faire Behandlung und den angemessenen Schutz von Informationen für alle am strategischen Prüfungsprozess Beteiligten sicherzustellen.
- Company is actively pursuing strategic alternatives to maximize stockholder value
- Professional financial advisor (Craig-Hallum) has been retained to assist with the process
- Multiple potential counterparties and funding sources are being engaged
- Mobix Labs declined to sign confidentiality agreement, potentially complicating the strategic review process
- No certainty that the strategic review will result in any transaction
- Potential for hostile approach by Mobix indicated through their statement about direct stockholder engagement
Insights
Peraso's strategic review continues with Mobix Labs declining standard confidentiality terms, creating potential complications for the acquisition process.
Peraso's update on its strategic alternatives review reveals important developments in what appears to be an increasingly complex M&A situation. The company is actively engaging with potential counterparties after retaining Craig-Hallum Capital Group as its financial advisor on July 11, following an unsolicited non-binding proposal from Mobix Labs announced on June 27.
The most significant revelation is that Mobix has declined to sign Peraso's standard confidentiality agreement and has refused to receive material non-public information. Instead, Mobix is requesting direct engagement with Peraso's board and has indicated it might approach stockholders directly. This suggests Mobix may be contemplating a more aggressive approach, potentially even a hostile takeover attempt.
Peraso's insistence on a standard confidentiality agreement is typical in M&A processes and serves two critical purposes: it maintains process integrity by creating a level playing field for all bidders, and it enables the exchange of sensitive information needed for proper valuation. Particularly important is Peraso's point about needing access to Mobix's non-public information since Mobix's proposal involves stock consideration rather than all cash.
The board's stance suggests they're maintaining a disciplined process while keeping options open. However, the carefully worded statement that they "don't intend to provide further updates... unless and until the Board approves a specific course of action" indicates they recognize the delicate nature of these negotiations. This strategic review remains in flux with no guaranteed outcome or timeline, introducing significant uncertainty for investors despite the potential for value creation through a transaction.
SAN JOSE, CALIFORNIA / ACCESS Newswire / August 19, 2025 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today provided an update on its ongoing review of strategic alternatives, including the unsolicited non-binding proposal from Mobix Labs, Inc. ("Mobix"), which was previously disclosed by Peraso on June 27, 2025.
On July 11, 2025, the Company announced that its board of directors (the "Board") had authorized an exploration of strategic alternatives, including a merger, sale of assets or other similar transaction, all intended to maximize stockholder value and further its business operations, and that the Company had retained Craig-Hallum Capital Group LLC as its financial advisor to assist with the exploration process.
The Board and its advisors have been engaging with potential counterparties and funding sources as part of this strategic review. Consistent with customary practice, the Company invited interested parties, including Mobix, to participate in the process on the condition that each party execute a standard confidentiality agreement, which includes provisions designed to protect the integrity of the process.
Following the Company's invitation to participate in its ongoing strategic review process on customary terms, Mobix declined to enter into the Company's standard confidentiality agreement and indicated that it would not agree to receive material non-public information. Mobix also requested direct engagement with the Board and stated that it would consider all alternatives available to present its value proposition directly to Peraso's stockholders, consistent with applicable law.
The Company continues to believe that its process must be conducted in a manner that ensures all interested parties are treated fairly and consistently, and that confidential information is appropriately safeguarded. The Company believes that maintaining a level playing field for all interested parties, subject to appropriate confidentiality protections, is essential to preserving stockholder value. In potential transactions involving stock consideration, such as Mobix's proposal, a confidentiality agreement also enables the Company to receive material non-public information about the bidder, which may be relevant in evaluating the merits of the proposal. The Company remains open to engaging with Mobix and any other parties on that basis.
There can be no assurance that this strategic review will result in a transaction or other strategic alternative, nor as to the form or timing of any such outcome. The Company does not intend to provide further updates on this matter unless and until the Board approves a specific course of action or otherwise determines disclosure is appropriate or required.
About Peraso Inc.
Peraso Inc. (NASDAQ:PRSO) is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, modules, software, and IP. Peraso supports a variety of applications, including fixed wireless access, military, immersive video, and factory automation. For additional information, please visit www.perasoinc.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the "safe harbor" created by those sections. All statements in this release that are not based on historical fact are "forward-looking statements." These statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "strategy," "goal," or "planned," "seeks," "may," "might", "will," "expects," "intends," "believes," "could," "should," and similar expressions, or the negative versions thereof, and which also may be identified by their context. There can be no assurance that the Company will secure any strategic transaction or enter into negotiations with respect thereto.
Forward-looking statements are based on certain assumptions and expectations of future events that are subject to risks and uncertainties. Actual results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors. These factors include, but are not limited to: risks related to the Company's efforts to secure a strategic transaction, or obtain financing or pursue capital arrangements to support operations; risks associated with delays or deferrals of expenditures in order to conserve cash; risks related to the Company's business as a result of the time necessary to review and explore strategic proposals, including the potential loss of customers, loss of revenue and other negative impacts from the time management must devote to these discussions; risks related to the loss of personnel; general acquisition-related risks, including costs and cash expenditures associated with exploring and executing a potential transaction; the Company's continued compliance with the continued listing requirements and standards of the Nasdaq Stock Market; timing, receipt and fulfillment of customer orders associated with the Company's mmWave products and solutions; anticipated use of mmWave by customers and intended users of the Company's products; the availability and performance of Peraso's products and solutions; the successful integration of Peraso's products and technology with customer and third-party semiconductor, antenna and system solutions; reliance on manufacturing partners to assist successfully with the fabrication of the Company's ICs and antenna modules; availability of quantities of ICs supplied by manufacturing partners at a competitive cost; level of intellectual property protection provided by the Company's patents; vigor and growth of markets served by the Company's customers and its operations; and other risks included in the Company's SEC filings. Peraso undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.
Peraso and the Peraso logo are registered trademarks of Peraso Inc. in the U.S. and/or other countries.
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Company Contact:
Jim Sullivan, CFO
Peraso Inc.
P: 408-418-7500
E: jsullivan@perasoinc.com
Investor Relations Contacts:
Shelton Group
Brett L. Perry | Leanne K. Sievers
P: 214-272-0070
E: sheltonir@sheltongroup.com
SOURCE: Peraso Inc.
View the original press release on ACCESS Newswire
FAQ
What strategic alternatives is Peraso (NASDAQ:PRSO) considering in its review process?
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Why did Mobix Labs decline to participate in Peraso's strategic review process?
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