5G chip company Mobix Labs, Inc. (Nasdaq: MOBX) said today it has entered into a mutual confidentiality agreement with Peraso, Inc. (Nasdaq: PRSO), a San Jose-based pioneer in mmWave wireless technology solutions, to begin cooperative discussions toward a potential acquisition.
The agreement creates a structured and collaborative framework for the confidential exchange of information as the two companies explore a possible strategic combination.
“We see tremendous potential in combining Peraso’s wireless expertise with our own high-reliability connectivity solutions to create a stronger, more diversified technology platform with global reach. This cooperative step replaces prior exploratory efforts with a friendly, aligned approach focused on growth and long-term value creation,” said Phil Sansone, chief executive officer of Irvine-based Mobix Labs.
Mobix Labs fell less than 1% to 68 cents per share for a market cap of $41 million.
