08:42 AM EDT, 07/11/2025 (MT Newswires) -- Peraso ( PRSO ) said Friday that it is evaluating strategic alternatives, including a merger or asset sale.

The company said it has retained Craig-Hallum Capital Group to help with the process, but said there is no guarantee of a transaction or timing.

Peraso ( PRSO ) also said it is reviewing an unsolicited bid from Mobix Labs, which was disclosed on June 27.

Additionally, the company said it is exploring funding options to meet near-term cash needs and support operations, while deferring some expenses.

Shares of the company were down 1.8% in recent Friday premarket activity.