Peraso Stock Soars Over 80% on Sweetened Mobix Buyout Offer
Mobix Labs adds a cash component to its acquisition bid and announces a new U.S. rail contract, fueling a significant rally in Peraso shares.
Shares of Peraso Inc. (NASDAQ: PRSO) skyrocketed in trading, surging over 80% after Mobix Labs Inc. (NASDAQ: MOBX) enhanced its acquisition offer by adding a cash component to its all-stock bid.
The revised proposal is designed to deliver both immediate value and long-term upside to Peraso's shareholders. In a statement, Mobix Labs explained the enhanced bid provides Peraso investors with cash at closing while also allowing them to participate in the potential future growth of the combined company. The move signals a more aggressive push by Mobix to close the deal, which it frames as a .
Keyvan Samini, president and CFO of Mobix Labs, has urged Peraso's board to accept the proposal by a deadline of September 8. Mobix has indicated that its preference is a negotiated, friendly deal, but warned it is prepared to take the offer directly to shareholders if the board remains unresponsive to its overtures.
Adding to the bullish momentum, Mobix Labs also announced that its wireless division, RaGE Systems, has for the U.S. rail industry. This strategic win expands Mobix's footprint beyond its core defense and telecom markets into critical infrastructure and transportation safety sectors. The technology aims to improve the inspection of aging railroad bridges, reducing costs and risks associated with traditional methods.
The dual catalysts of the sweetened buyout offer and the new contract win ignited investor enthusiasm, driving Peraso's stock to $1.51 on trading volume that was reportedly 60 times the daily average. The significant price action reflects market confidence in the potential of the Mobix deal and the strategic value of the combined entities' technology portfolio.