Mobix Labs, Inc. has announced its intention to initiate a hostile exchange offer to acquire all outstanding shares of Peraso, Inc. The proposed offer aims to provide Peraso shareholders with a combination of cash and Mobix Labs common stock, which is expected to offer immediate value and the potential for future gains within the merged entity. Mobix Labs claims that the acquisition would create a more diversified competitor in the market by combining Peraso's 60 GHz millimeter wave product line with Mobix Labs' aerospace, defense, and wireless businesses. The company also criticized Peraso's recent dilutive financing actions and efforts to restrict shareholder communications, arguing that these moves undermine shareholder value and transparency. Mobix Labs anticipates being able to close the transaction within approximately 75 days from commencement, contingent on Peraso's cooperation.