Mobix Labs pursues Peraso (NASDAQ: PRSO) as company reviews options

Rhea-AI Filing Summary

Peraso Inc. reported that it is continuing its strategic review and has received a revised unsolicited proposal from Mobix Labs, Inc. to acquire the company using both cash and stock consideration in an undetermined amount. Peraso has invited Mobix Labs to join a limited exploratory call, structured so that Peraso does not share material non-public information and does not operate under a confidentiality agreement. The call, if held on these or other mutually acceptable terms, would help Peraso better understand Mobix Labs’ updated proposal and intentions, but no transaction has been agreed.

Insights

M&A and corporate strategy analyst

Peraso acknowledges an unsolicited Mobix Labs bid and opens tightly controlled exploratory talks.

Peraso Inc. is in an ongoing strategic review and has received a revised unsolicited proposal from Mobix Labs, Inc. to acquire the company for a mix of cash and stock, with the total consideration not yet determined. This signals external interest but stops short of any agreement.

Peraso’s decision to invite Mobix Labs to a limited exploratory call, while explicitly avoiding sharing material non-public information and operating outside a confidentiality agreement, indicates a cautious approach. The structure allows management to gauge Mobix Labs’ seriousness and intentions without committing to a formal process or broad due diligence.

The actual impact will depend on whether Mobix Labs accepts these terms and whether discussions advance beyond this initial call. Subsequent disclosures, such as a signed term sheet, merger agreement, or termination of talks, would provide clearer direction on potential ownership changes or strategic alternatives.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event Reported): September 8, 2025

PERASO INC.

(Exact Name of Registrant as Specified in Charter)

000-32929

(Commission File Number)

Delaware		77-0291941
(State or Other Jurisdiction of Incorporation)		(I.R.S. Employer Identification Number)

2033 Gateway Pl., Suite 500

San Jose, CA 95110

(Address of principal executive offices, with zip code)

(408) 418-7500

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		PRSO		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On September 8, 2025, Peraso Inc. (the “Company”) issued a press release providing an update on its ongoing strategic review process. The press release confirms that the Company has received letters from Mobix Labs, Inc. (“Mobix Labs”), dated September 4, 2025 and September 5, 2025, including, among other things, a revised unsolicited proposal to acquire the Company in a transaction involving both cash and stock consideration in an undetermined amount. In response to Mobix Labs’ continued interest and evolving communications, and consistent with its strategic review process, the Company has invited Mobix Labs to participate in a limited exploratory call. The Company has requested that any such discussion take place without the Company sharing any material non-public information 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. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Press Release by Peraso Inc. dated September 8, 2025
104		The cover page of this Current Report on Form 8-K formatted in Inline XBRL

1

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	PERASO INC.
Date: September 9, 2025	By:	/s/ James Sullivan
		James Sullivan
		Chief Financial Officer

2

FAQ

What strategic update did Peraso Inc. (PRSO) provide on September 8, 2025?

Peraso Inc. reported progress in its ongoing strategic review, disclosing that it received a revised unsolicited proposal from Mobix Labs, Inc. to acquire the company. The potential transaction would use a mix of cash and stock, though the overall consideration amount remains undetermined in this update.

Who is proposing to acquire Peraso Inc. (PRSO), and on what terms?

Mobix Labs, Inc. sent Peraso letters on September 4 and 5, 2025, including a revised unsolicited proposal to acquire Peraso. The proposal involves both cash and stock consideration, but the specific valuation and detailed terms are not quantified in the disclosed summary of the proposal.

How is Peraso Inc. (PRSO) responding to Mobix Labs’ revised acquisition proposal?

Peraso invited Mobix Labs to participate in a limited exploratory call as part of its strategic review. The company requested that the call proceed without sharing material non-public information and outside a confidentiality agreement, aiming only to better understand Mobix Labs’ revised proposal and intentions at this stage.

Does Peraso Inc. (PRSO) share material non-public information with Mobix Labs in these discussions?

Peraso has specifically requested that any exploratory call with Mobix Labs occur without the company sharing material non-public information. It also asked that such discussions proceed outside the bounds of a confidentiality agreement, reflecting a cautious and controlled approach to early-stage communications.

Has Peraso Inc. (PRSO) agreed to be acquired by Mobix Labs?

Peraso has not agreed to a transaction with Mobix Labs. It only acknowledged receiving a revised unsolicited acquisition proposal and invited Mobix Labs to a limited exploratory call. The stated purpose is to understand the proposal and intentions, with no announced agreement or committed deal terms.

What document did Peraso Inc. (PRSO) file related to the Mobix Labs proposal?

Peraso filed a report describing the strategic review update and Mobix Labs’ revised acquisition proposal, and attached a press release as Exhibit 99.1. The press release, dated September 8, 2025, is incorporated by reference and provides additional context on the ongoing review and unsolicited approach.