Mobix Labs, Inc. has announced its intention to initiate a hostile exchange offer to acquire all outstanding shares of Peraso, Inc. The offer is expected to include a combination of cash and Mobix Labs common stock, aiming to provide Peraso shareholders with immediate value and the opportunity to benefit from the future success of the combined company. Mobix Labs criticizes Peraso's recent dilutive financing and efforts to restrict shareholder communications, arguing that the proposed merger will create a stronger and more diversified competitor by combining Peraso's 60 GHz millimeter wave product line with Mobix Labs' aerospace, defense, and wireless businesses. Mobix Labs has access to an equity line of credit with a capacity of up to $100 million to support the transaction, which they aim to close within approximately 75 days, contingent on Peraso's cooperation.