Shares of Peraso Inc. (NASDAQ: PRSO) declined 3% after the mmWave wireless technology firm revealed its board of directors has initiated a review of strategic alternatives aimed at boosting shareholder value.
The company is weighing a range of possibilities, including a potential merger, asset sale, or other types of business combinations. To guide the process, Peraso has enlisted Craig-Hallum Capital Group LLC as its financial advisor. However, the company emphasized that there is no certainty any deal or transaction will ultimately be completed.
As part of this evaluation, Peraso confirmed it is still considering a previously disclosed, unsolicited non-binding acquisition proposal from Mobix Labs, Inc., originally received on June 27, 2025.
In parallel with exploring strategic paths, the company is also working to secure additional funding to meet short-term liquidity needs. Management noted that cost-saving measures are already underway, including delaying or deferring selected expenditures to preserve cash during this period.
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