Peraso Inc. (PRSO) – September 5, 2025

Newswire 

Peraso Inc. (NASADAQ: PRSO), a small-cap specialist in 60 GHz and 5G mmWave wireless technology, saw its stock surge as much as 60% intraday, currently changing hands near US$1.31—up from only US$0.82 yesterday. Volume exploded, dwarfing average trade levels with a real-time tally of over 150 million shares—a stark contrast to its usual few-hundred-thousand daily range.
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This dramatic move stems from a revised takeover proposal by Mobix Labs (NASDAQ: MOBX), which sweetened its bid by including a cash component alongside the previously offered stock, combining immediate value with exposure to future growth.
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Company Profile & Recent Developments

Peraso is a fabless semiconductor firm born from a 2021 merger between Peraso Technologies and MoSys. It develops mmWave chipsets, antenna modules, and software, focusing on applications like fixed wireless access, immersive video, and industrial automation.
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In Q2 2025, Peraso reported mixed results: mmWave revenues jumped 45% sequentially and over 200% year-over-year, yet total revenue declined to US$2.2 million—from US$3.9M in Q1—due to the end-of-life phase of memory product lines. The company also posted a net loss of US$1.8 million, while projecting Q3 revenue between US$2.8–3.1 million.
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A midsummer strategic review was launched, with Craig-Hallum Capital serving as advisor. At that time, Peraso confirmed having received—and pushed back on—an unsolicited, non-binding acquisition proposal from Mobix, including claims about Nasdaq listing compliance.
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Amid concerns over Nasdaq’s minimum bid price requirements, Peraso regained compliance after maintaining a bid above US$1 for 10 straight trading days.
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Acquisition Developments & Stock Reaction

Today’s rally came after a Mobix Labs’ enhanced takeover offer, now combining stock with immediate cash consideration, reportedly in a bid to entice Peraso stakeholders amid board resistance. Mobix gave the Peraso board a deadline—5:00 p.m. Pacific Time on Monday, September 8, 2025—to respond, warning that if rebuffed, it would take the offer directly to shareholders.
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In premarket trading, PRSO soared 85%, while MOBX slipped about 1–2%, underscoring investor enthusiasm for Peraso’s potential value event but concern over dilution or strategic implications for Mobix shareholders.
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Small-Cap Analysis & Human Market Color

Peraso’s meteoric rise today underscores the power—and risk—of merger-driven moves in thinly traded microcaps.

At a market cap under US$8 million, even modest buying can lead to outsized price action.
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Insider and institutional ownership is minimal, making shareholder sentiment pivotal.

Liquidity remains low, with typical volume hovering near 200K shares—but today saw volume in the hundreds of millions.

Analyst sentiment is muted but leaning positive: one forecasting platform rates PRSO a “Strong Buy” with a 12-month price target of US$3.00, implying more than 130% upside even from today’s peak levels.
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Yet fundamental investors may remain cautious. The company remains unprofitable, margins under pressure, and revenue figures modest by any scale. Without earnings visibility or recurring contracts, bullish cases hinge almost entirely on the execution of M&A.

Strategic Stakes & Sentiment

Peraso: Has limited runway and investor attention. A leveraged acquisition plus capital infusion could unlock potential—but only if structural weaknesses are addressed post-deal.

Mobix Labs: Seeks to bulk up through M&A, adding Peraso’s mmWave assets to its connectivity and defense portfolio. The combination might generate synergies but comes with integration risk and potential regulatory hurdles.

If the board refuses to engage, Mobix’s posture could escalate—perhaps via a tender offer or proxy campaign targeting shareholders. For PRSO investors, that increases pressure and urgency.

What to Watch Next

Board Response Deadline (Sept 8): A firm refusal or acceptance will guide next moves.

Tender Offer Possibility: Monitor for filings or shareholder outreach.

Mobix Response & Stock Reaction: Any upward or downward swing in MOBX could inform sentiment on deal fairness.

Volume & Price Action: Continued escalation may indicate speculative momentum—but risk remains elevated.

Regulatory and Disclosure Filings: Any new SEC filings could shed light on terms or due diligence developments.

Bottom Line

Peraso’s breakout rally is headline-making—but far from a fundamental turnaround. The enhanced Mobix proposal has triggered speculative euphoria, but the company’s value hinges on a deal closure—and what follows.

For cautious retail investors: this is a high-volatility catalyst play. If you believe in the strategic logic and are willing to ride swings, there may be opportunity—just be prepared for abrupt reversals. For long-term value-focused investors, waiting for post-transaction financial clarity may be a more prudent path.

Need help identifying small-cap opportunities with clearer fundamentals—or building a watchlist around active M&A targets? Just ask.

By SCN Editorial Team
No AI was used in this article.
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