Mobix Labs continues talks with Peraso on potential acquisition

Mobix Labs Inc. (NASDAQ: MOBX) announced it has engaged in further discussions with Peraso Inc. (NASDAQ: PRSO) regarding a potential strategic transaction. The companies previously entered into a mutual confidentiality agreement and are conducting customary due diligence.

Mobix Labs has delivered a non-binding indication of interest to Peraso for a potential all-stock transaction at a premium to Peraso's current trading price. The proposal remains subject to further diligence, negotiation, and execution of definitive documentation.

No agreement has been reached regarding transaction structure, consideration, timing, or other material terms. The companies stated there is no assurance the discussions will result in a definitive agreement or completed transaction.

"We believe there is an important strategic opportunity to explore," said Phil Sansone, Chief Executive Officer of Mobix Labs. "Peraso's wireless capabilities are highly complementary to Mobix Labs' high-reliability connectivity and defense-focused platform."

Mobix Labs operates as a fabless semiconductor and connectivity company serving defense, aerospace, and high-reliability markets. Peraso specializes in 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, modules, software, and intellectual property for applications including fixed wireless access and military systems.

Any potential transaction would require customary approvals and conditions. Mobix Labs stated it does not intend to provide further updates unless additional disclosure becomes appropriate or required.

The information was disclosed in a company press release statement.

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