Mobix Labs (MOBX) Offers to Buy Peraso in Stock Deal

Mobix Labs, Inc. (NASDAQ:MOBX) is one of the 11 Best Semiconductor Penny Stocks to Buy According to Hedge Funds. On June 26, Mobix Labs, Inc. (NASDAQ:MOBX) reported that it made an unsolicited, non-binding offer to acquire Peraso, Inc. (PRSO).

The proposal involves a premium stock-for-stock transaction where Mobix Labs, Inc. (NASDAQ:MOBX) will exchange newly issued common shares for each PRSO share. The exchange rate offers a 20% premium based on PRSO’s 30-day average closing share price through June 10, 2025.

Mobix Labs (MOBX) Offers to Buy Peraso in Stock Deal

A technician overlooking a circuit board being built and tested for a semiconductor device.

Peraso is known for its 5G/mmWave chipsets and software, which can complement Mobix Labs, Inc.’s (NASDAQ:MOBX) existing work in defense, aerospace, AI data centers, and 5G markets.

According to the report by Mobix Labs, Inc. (NASDAQ:MOBX), if the deal goes through, the combined company could generate about $20 million in annual revenue. Mobix Labs, Inc. (NASDAQ:MOBX) also expects to improve profits through scale-driven synergies in sales, production, and procurement.

Mobix Labs, Inc. (NASDAQ:MOBX) is a semiconductor company specializing in the supply of advanced connectivity solutions for aerospace, defense, AI, and 5G infrastructure markets.

While we acknowledge the potential of MOBX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MOBX and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.