Peraso updates strategic review; Mobix Labs declines confidentiality agreement

Peraso Inc.

Board authorized strategic alternatives exploration on July 11, 2025; retained Craig-Hallum Capital Group as financial advisor.
Mobix Labs declined to enter standard confidentiality agreement, will not receive material non-public info.
Peraso remains open to engaging with Mobix and other parties on customary terms; no assurance of transaction.
Previous unsolicited non-binding proposal from Mobix disclosed on June 27, 2025.
Company will not provide further updates unless Board approves specific action or disclosure is required.

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