Peraso Provides Update on Strategic Review Process and Agrees to Limited Exploratory Call with Mobix Labs
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.
Peraso (NASDAQ:PRSO) ha aggiornato il processo di revisione strategica, concentrandosi su una possibile offerta di acquisizione da parte di Mobix Labs. L'azienda ha ricevuto due lettere da Mobix Labs, una delle quali contiene una proposta rivista di acquisizione con termini in contanti e azioni ancora da determinare. Sebbene Mobix Labs rifiuti di sottoscrivere un accordo completo di riservatezza, si è detta disponibile a valutare un'intesa limitata senza clausole di standstill.
Il Consiglio di Amministrazione di Peraso ha autorizzato una breve chiamata esplorativa con Mobix Labs senza condividere informazioni materiali non pubbliche. Diversi altri soggetti stanno partecipando attivamente al processo di revisione strategica con accordi di riservatezza standard che prevedono clausole di standstill, mentre la società continua a valutare opzioni per massimizzare il valore per gli azionisti.
Peraso (NASDAQ:PRSO) ha informado una actualización sobre su proceso de revisión estratégica, centrada en una posible oferta de adquisición por parte de Mobix Labs. La compañía recibió dos cartas de Mobix Labs, incluida una propuesta revisada de adquisición cuyos componentes en efectivo y en acciones aún no se han determinado. Aunque Mobix Labs se niega a firmar un acuerdo de confidencialidad completo, ha mostrado disposición a considerar un arreglo limitado sin cláusulas de standstill.
El consejo de administración de Peraso autorizó una llamada exploratoria limitada con Mobix Labs sin compartir información material no pública. Varios otros interesados participan activamente en el proceso de revisión estratégica bajo acuerdos de confidencialidad estándar con cláusulas de standstill, mientras la empresa sigue evaluando opciones para maximizar el valor para los accionistas.
Peraso (NASDAQ:PRSO)는 전략 검토 절차에 대한 업데이트를 발표했으며, Mobix Labs의 인수 제안 가능성에 주목하고 있습니다. 회사는 Mobix Labs로부터 두 통의 서신을 받았으며, 그 중 하나는 현금 및 주식 보상이 아직 확정되지 않은 수정된 인수 제안서를 포함합니다. Mobix Labs는 완전한 비밀유지계약 체결을 거부했지만, 스탠드스틸(동결) 조항 없는 제한적 합의는 검토할 의향이 있다고 밝혔습니다.
Peraso 이사회는 중요한 비공개 정보를 공유하지 않는 범위에서 Mobix Labs와의 제한적 탐색 통화를 승인했습니다. 여러 다른 당사자들이 스탠드스틸 조항이 포함된 표준 비밀유지계약 하에서 전략 검토 절차에 적극 참여 중이며, 회사는 주주 가치를 극대화할 방안을 계속 검토하고 있습니다.
Peraso (NASDAQ:PRSO) a communiqué une mise à jour de son processus d'examen stratégique, axée sur une éventuelle offre d'acquisition de Mobix Labs. La société a reçu deux lettres de Mobix Labs, dont une proposition révisée d'acquisition avec une contrepartie en numéraire et en actions encore indéterminée. Bien que Mobix Labs refuse de signer un accord de confidentialité global, elle se dit disposée à envisager un arrangement limité sans clause de standstill.
Le conseil d'administration de Peraso a autorisé un appel exploratoire limité avec Mobix Labs sans divulguer d'informations matérielles non publiques. Plusieurs autres parties participent activement au processus d'examen stratégique sous des accords de confidentialité standards incluant des clauses de standstill, tandis que la société continue d'évaluer des options pour maximiser la valeur pour les actionnaires.
Peraso (NASDAQ:PRSO) hat ein Update zu seinem strategischen Prüfungsprozess veröffentlicht, mit Fokus auf ein mögliches Übernahmeangebot von Mobix Labs. Das Unternehmen erhielt zwei Schreiben von Mobix Labs, darunter einen überarbeiteten Übernahmevorschlag mit noch unbestimmter Bar- und Aktienvergütung. Obwohl Mobix Labs sich weigert, eine vollständige Vertraulichkeitsvereinbarung zu unterzeichnen, ist man bereit, eine eingeschränkte Vereinbarung ohne Standstill-Klauseln in Betracht zu ziehen.
Der Vorstand von Peraso hat eine begrenzte explorative Telefonkonferenz mit Mobix Labs genehmigt, ohne dabei wesentliche nicht-öffentliche Informationen preiszugeben. Mehrere andere Parteien nehmen aktiv am strategischen Prüfungsprozess teil und haben Standard-Geheimhaltungsvereinbarungen mit Standstill-Klauseln unterzeichnet, während das Unternehmen weiterhin Optionen prüft, um den Wert für die Aktionäre zu maximieren.
- Board's openness to explore potential acquisition opportunities while maintaining fiduciary duty
- Multiple parties actively participating in the strategic review process
- Company maintaining disciplined approach to maximize shareholder value
- Uncertainty around Mobix Labs' acquisition proposal with undetermined consideration
- Limited engagement due to Mobix Labs' refusal to sign standard confidentiality agreement
- Potential complications in negotiation process due to disagreement over standstill provisions
Insights
Peraso is navigating multiple acquisition interest including Mobix Labs' unsolicited offer, maintaining disciplined process despite pressure.
Peraso's strategic review process has taken an interesting turn with Mobix Labs' persistence in pursuing an acquisition without standard protections. The latest development shows two key dynamics at play: Mobix Labs modified its approach with a revised cash-and-stock offer while continuing to resist signing a standard confidentiality agreement with standstill provisions, while Peraso's board is threading the needle between engagement and protection.
What's particularly notable is that Peraso has multiple interested parties who have signed confidentiality agreements with standard standstill provisions - the very terms Mobix Labs refuses to accept. This creates a fundamental tension in the process. By agreeing to a limited exploratory call without requiring an NDA, Peraso's board is making a calculated compromise to hear Mobix Labs out while protecting sensitive information.
The board's approach demonstrates careful governance in a potentially contentious situation. They're maintaining process integrity by treating all potential acquirers consistently while still showing flexibility. This disciplined approach suggests the board is properly executing its fiduciary duty to maximize shareholder value rather than rushing into a transaction.
The undetermined mix of cash and stock in Mobix Labs' offer introduces significant valuation uncertainty. Without clarity on this structure, shareholders cannot effectively evaluate the proposal against alternatives. The board's cautious engagement strategy appears designed to extract more concrete terms while maintaining competitive tension among multiple bidders to potentially drive better offers.
SAN JOSE, CALIFORNIA / ACCESS Newswire / September 8, 2025 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today confirmed that it has received two further letters from Mobix Labs, Inc. ("Mobix Labs") in connection with Mobix Labs' unsolicited offer to acquire the Company.
Mobix Labs' letter dated September 4, 2025 included a revised acquisition proposal involving a combination of cash and stock consideration in an undetermined amount. The September 4 letter reiterated Mobix Labs' refusal to enter into a confidentiality agreement or receive material non-public information ("MNPI"), and requested a response by September 8, 2025.
Mobix Labs' follow-up letter, dated September 5, 2025, stated that while Mobix Labs continues to oppose any standstill restrictions, it would be willing to consider a limited confidentiality arrangement to permit Peraso to share non-public information deemed reasonably necessary, provided that such arrangement does not include a standstill and does not indefinitely constrain Mobix Labs.
After careful consideration, in consultation with its legal and financial advisors, the Board of Directors of Peraso (the "Board") has authorized a limited exploratory call with Mobix Labs. The Company has requested that any such discussion take place without Peraso sharing any MNPI and outside the bounds of a confidentiality agreement. The purpose of the call, if Mobix Labs agrees to proceed on those terms or on other mutually acceptable terms, would be to allow the Company to better understand Mobix Labs' revised proposal and intentions.
The Company is aware of recent public statements by Mobix Labs regarding the Board's responsiveness to its unsolicited proposal. The Board has remained open to engaging with all interested parties, including Mobix Labs, through a fair and disciplined process consistent with its fiduciary duties. The Company extended to Mobix Labs the same opportunity provided to other parties to participate under a customary mutual confidentiality agreement.
The Company continues to conduct a disciplined strategic review process focused on maximizing value for all stockholders. Multiple other parties have entered into customary mutual confidentiality agreements, including standard standstill provisions, and are actively participating in the process.
While Peraso remains open to evaluating any proposal that may enhance stockholder value, the Company will continue to pursue its review in a manner that is fair, consistent, and aligned with its fiduciary obligations.
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
SOURCE: Peraso Inc.
View the original press release on ACCESS Newswire
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