07:34 AM EDT, 09/05/2025 (MT Newswires) -- Mobix Labs ( MOBX ) said Friday it has enhanced its proposal to acquire Peraso ( PRSO ) by adding a cash component to its original all-stock offer.

The company said the new proposal provides "both immediate value and long-term upside for Peraso ( PRSO ) stockholders," but did not disclose details about the improved offer.

Mobix Labs ( MOBX ) expects a response from Peraso's ( PRSO ) board by Sept. 8 and said it may take the offer directly to shareholders if the board "continues to refuse to engage."

In late June, Mobix Labs ( MOBX ) offered to exchange its newly issued common shares for each Peraso ( PRSO ) share at a 20% premium to Peraso's ( PRSO ) 30-day average closing price through June 10. Peraso ( PRSO ) later confirmed receiving the unsolicited, non-binding all-stock proposal valued at about $1.20 per share.

Peraso ( PRSO ) and Mobix Labs ( MOBX ) shares were up more than 36% and 1%, respectively, in recent Friday pre-bell activity.