Mobix Labs

Mobix Labs (MOBX) initiated a hostile exchange offer for Peraso (PRSO), valued with a mix of cash and stock. This move follows a disagreement where Peraso allegedly restricted Mobix Labs’ communication with shareholders. Mobix Labs criticizes Peraso’s recent financing as dilutive and aimed at benefiting management at the expense of shareholders. Mobix Labs cites potential synergies, diversification, and scale as the rationale behind the acquisition, supported by a secured equity line of credit. The completion is subject to standard conditions including regulatory approvals.