07:39 AM EDT, 06/26/2025 (MT Newswires) -- Mobix Labs ( MOBX ) said Thursday that it submitted an unsolicited, non-binding proposal to acquire Peraso (PRSO) in a stock-for-stock deal at a 20% premium over Peraso's 30-day average closing price as of June 10, 2025.

The proposed merger would create a company with an estimated $20 million in annual revenue, enhancing scale and accelerating profitability, the company said.

Mobix ( MOBX ) said the deal also provides Peraso a strategic path to retain its Nasdaq listing, which requires it to raise its market cap to $35 million by November 2025 to remain compliant.

Mobix ( MOBX ) submitted the proposal to Peraso's board on June 12, the company said, adding that if Peraso does not engage, it may take the proposal directly to shareholders.