David Williams

Kevin Liu

Jon Hickman

- Mobix Labs, Inc. has formally delivered an **updated all-cash proposal** to acquire 100% of Peraso, Inc..  **[890394_c62438f948224d71aeb49eb93a93d8d7_0]** 
- The proposal offers **$1.30 per share in cash** to Peraso stockholders.  **[890394_c62438f948224d71aeb49eb93a93d8d7_0]** 
- This represents a **53% premium** over Peraso’s 20-day volume-weighted average price of $0.85 per share as of September 4, 2025.  **[890394_c62438f948224d71aeb49eb93a93d8d7_0]** 
- The new offer is **100% cash**, superseding Mobix Labs' prior mix of cash and stock.  **[890394_c62438f948224d71aeb49eb93a93d8d7_0]** 
- The proposal has been delivered to Peraso’s Board of Directors but is **not yet a formal solicitation or tender offer**.  **[890394_c62438f948224d71aeb49eb93a93d8d7_1]**

Peraso receives all-cash takeover bid from Mobix Labs

- Mobix Labs, Inc. (NASDAQ: MOBX) announced its intention to launch a **hostile exchange offer** to acquire all outstanding shares of Peraso, Inc. (NASDAQ: PRSO), filing a Form 425 with the SEC on **September 15, 2025**.  **[890394_7e50eb7f1e35409abd9218e0da72436d_0]** 
- The proposed offer is expected to consist of a **mix of cash and Mobix Labs common stock**.  **[890394_7e50eb7f1e35409abd9218e0da72436d_0]** 
- Mobix Labs criticized Peraso's board for attempting to restrict direct communication with shareholders and for a recent financing agreement that Mobix Labs views as **highly dilutive**, involving the issuance of **952,380 new shares** and new warrants.  **[890394_7e50eb7f1e35409abd9218e0da72436d_0]** 
- Mobix Labs has access to an equity line of credit with a headline capacity of up to **$100 million** to fund the proposed tender offer and expects to close the transaction within approximately **75 days** if Peraso does not actively interfere.  **[890394_7e50eb7f1e35409abd9218e0da72436d_1]**

Mobix Labs Announces Hostile Exchange Offer for Peraso

- 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)