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MoSys, Inc. has completed a business combination with Peraso Technologies Inc., forming Peraso Inc., which will begin trading on Nasdaq under the ticker PRSO on December 20, 2021. This merger positions the company to seize significant growth opportunities in the 5G market, leveraging their expertise in millimeter wave and data intelligence technologies. CEO Ron Glibbery emphasized the potential of the combined entity to enhance its offerings and play a pivotal role in the expanding 5G ecosystem, addressing global demands for advanced wireless spectrum utilization.
MoSys, Inc. (NASDAQ:MOSY) announced that ZRI-Tech selected its LineSpeed MSH322S Multi-Link Gearbox (MLG) integrated circuit for their new Dense Wavelength Division Multiplexing (DWDM) product. The MSH322S MLG will enable Dense 10Gb Link aggregation and transport over standard 100Gb optics, featuring compliance with major electrical standards and a robust RX equalizer. Production is expected in the first half of CY2022. The collaboration aims to enhance performance and pricing competitiveness in the evolving 5G market.
MoSys, Inc. (NASDAQ:MOSY) has partnered with Silicom Connectivity Solutions to enhance its Stellar Packet Classification IP for Silicom’s Intel FPGA-based SmartNICs and Infrastructure Processing Units. This collaboration aims to boost server and switch performance in virtualized cloud datacenters and 5G networks, supporting up to 400Gbps line rates. The optimized solutions focus on security and routing functions, crucial for the growing demand in broadband and 5G services. MoSys highlights this partnership as a step towards improving user experience in wireless and broadband networks.
MoSys, Inc. announced that its stockholders approved a business combination with Peraso Technologies during a special meeting on December 1, 2021. Approximately 94% of stockholders voted in favor of the arrangement, while 79% supported amendments to the company's stock incentive plan. However, a proposed reverse stock split did not receive enough votes for approval. MoSys and Peraso are working towards closing the arrangement as soon as possible after fulfilling all remaining conditions. Further details will be reported in a forthcoming Form 8-K filing.
MoSys, Inc. (NASDAQ:MOSY) announced preliminary voting results from its special stockholder meeting on December 1, 2021, showing approximately 94% approval for its business combination with Peraso Technologies Inc. Additionally, about 79% of votes supported amendments to the stock incentive plan. Peraso's securityholders also approved the arrangement, and the Ontario Superior Court has granted a final order for the deal. The companies expect to close shortly after confirming the final voting results.
MoSys, Inc. (NASDAQ:MOSY) announced the adjournment of its special stockholder meeting originally scheduled for November 23, 2021, due to a lack of quorum. The meeting will reconvene on December 1, 2021, at 11:00 a.m. PT via live webcast. At the time of adjournment, approximately 40% of outstanding shares were represented. MoSys has amended its bylaws to lower the quorum requirement from a majority to one-third. Shareholders are encouraged to vote before the new deadline of November 30, 2021, as inadequate support may result in further adjournments and costs.
MoSys, Inc. (NASDAQ:MOSY) is urging stockholders to vote in favor of a proposed business combination with Peraso Technologies, a leader in 5G mmWave semiconductor technology, scheduled for a Special Meeting on November 23, 2021. CEO Dan Lewis emphasized that this merger targets high-growth opportunities in 5G and expands MoSys' product portfolio and operational scale. Stockholder approval is necessary for the deal and an amendment to the 2019 Stock Incentive Plan. The board recommends voting 'FOR' the proposals to enhance growth potential.
MoSys, Inc. (NASDAQ:MOSY) will present at Intel's FPGA Technology Day from December 6-9, 2021. On December 9, the company will showcase its innovative solutions addressing demands in 5G, Cloud Data Centers, and IoT connectivity. The focus will be on three product families: the Stellar Packet Classification platform IP for Intel FPGAs, Quazar QPR Memory ICs, and Blazar Accelerator Engine ICs. These technologies are designed to enhance performance and efficiency in various markets, including 5G and networking applications.
MoSys, Inc. (NASDAQ:MOSY) reported a 14% sequential revenue increase in Q3 2021, reaching $1.3 million, yet a decline from $2.0 million year-over-year. Product revenue was $1.2 million, up from $1.0 million in Q2 2021. Gross margin improved to 72%. GAAP net loss was $1.7 million, increasing from $1.2 million in Q2 2021. MoSys anticipates Q4 2021 revenue between $1.5 million and $1.7 million. A special meeting for a proposed merger with Peraso Technologies is set for November 23, 2021, with management expressing confidence in providing long-term value to shareholders.
Peraso Technologies and Jaguar Wave announced that China Unicom has successfully tested the Jaguar Wave PTP6151 for 5G backhaul. The tests achieved consistent data rates of 990 Mbps over 850 meters, even under severe weather conditions. As a result, China Unicom granted a corporate seal to Jaguar Wave, allowing equipment provision for their network. The Peraso X720 chipset, compliant with IEEE802.11ad, enables high-performance mmWave systems and supports a frequency range of 57-71 GHz. This endorsement enhances Peraso's position in the telecom sector.
