Peraso Inc., a leader in mmWave wireless technology solutions, announced that its board of directors has authorized the exploration of strategic alternatives aimed at maximizing stockholder value and furthering business operations. This exploration includes potential options such as a merger or sale of assets. The company has engaged Craig-Hallum Capital Group LLC as its financial advisor to assist with this process. Additionally, Peraso is evaluating an unsolicited non-binding proposal from Mobix Labs, Inc., which was previously disclosed. The company is also actively seeking funding arrangements to address short-term cash needs while conserving cash by deferring certain expenditures.
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