David Williams

Kevin Liu

Jon Hickman

- Mobix Labs held a **constructive meeting** with Peraso regarding its enhanced cash-and-stock proposal to acquire the company, with both sides agreeing to **continue discussions**.  **[890394_59eb490dc6f54a2abe854d8945599da0_0]** 
- Mobix Labs' enhanced proposal offers Peraso stockholders approximately **30% cash and 70% Mobix Labs common stock**.  **[890394_59eb490dc6f54a2abe854d8945599da0_0]** 
- Mobix Labs reaffirmed its intention to **close the transaction within the next 75 days**.  **[890394_59eb490dc6f54a2abe854d8945599da0_0]** **[890394_59eb490dc6f54a2abe854d8945599da0_1]** 
- Mobix Labs believes the proposed transaction would unlock significant value for stockholders through **revenue growth, accretion, cost synergies, and increased scale and reach**.  **[890394_59eb490dc6f54a2abe854d8945599da0_0]**

Peraso (PRSO)