Peraso Stock Soars Over 80% as Mobix Labs Sweetens Buyout Offer
The revised unsolicited bid adds a cash component to a previous all-stock proposal, putting pressure on Peraso's board with a firm deadline.
Shares of semiconductor company Peraso Inc. (PRSO) skyrocketed in trading Friday after Mobix Labs Inc. (MOBX) enhanced its unsolicited acquisition bid by adding a cash component to its original all-stock proposal.
The revised offer caused Peraso's stock to , with trading volume described as exceptionally high. The move is the latest in Mobix's determined effort to acquire the company after its previous overtures were reportedly ignored by Peraso's directors.
According to a statement, Mobix's updated offer aims to provide Peraso shareholders with both immediate value at closing and continued participation in the potential long-term growth of the combined entity. Mobix Labs to give investors 'certainty today and participation in potential future growth.'
Keyvan Samini, president and CFO of Mobix Labs, called the proposal a '' and has urged Peraso’s board to respond by a deadline of 5:00 p.m. PT on September 8. The suitor signaled it is prepared to take the offer directly to shareholders if the board continues to resist a negotiated deal.
Adding to its own momentum, Mobix Labs also disclosed that its RaGE Systems wireless division secured a significant contract to develop AI-powered drone inspection tools for the U.S. rail sector. This strategic expansion into infrastructure and transportation safety highlights Mobix's focus on growth beyond its core defense and telecom markets. As of last check on Friday, PRSO shares were trading higher by 83.37% to $1.51.