Peraso receives revised unsolicited proposal from Mobix Labs; agrees to exploratory call

Peraso Inc.

• Mobix Labs submitted revised proposal on Sept 4 with cash and stock consideration in undetermined amount.
• Peraso board authorized a limited exploratory call without sharing MNPI or entering confidentiality agreement.
• Multiple other parties have entered into customary confidentiality agreements and are actively participating in strategic review.
• Mobix Labs initially refused confidentiality but later offered limited arrangement without standstill.