Recent Updates — PRSO

Peraso Inc. closed a private placement with Nant Capital, LLC on October 28, 2026, raising approximately $10 million in gross proceeds. The company issued 3,271,355 shares of common stock and pre-funded warrants to purchase up to 16,593,563 additional shares. Accompanying these are common warrants exercisable through October 28, 2028, at $0.3784 per share for up to 19,864,918 shares. The total maximum number of shares issuable upon exercise is 36,458,481. Proceeds will be used for working capital and general corporate purposes. Peraso Inc. develops wireless connectivity solutions using mmWave technology for defense, autonomous vehicles, and UAV applications.

Peraso Inc. entered into a Securities Purchase Agreement with Nant Capital to issue approximately $10 million in gross proceeds through the sale of common stock and warrants. The transaction includes 3,271,355 shares of common stock and pre-funded warrants for an additional 16,593,563 shares, accompanied by warrants to purchase up to 19,864,918 shares. Units were priced at $0.5034 per share. Proceeds will support working capital and the commercialization of drone communications technology. Nant Capital gains board designation rights contingent on its ownership stake exceeding specific thresholds. The closing is expected around October 28, 2026. Peraso Inc. develops high-performance 60 GHz wireless technology for defense, autonomous systems, and fixed wireless access applications.

Peraso Inc. reported that Chief Financial Officer and Secretary James Sullivan resigned effective October 2, 2026, for personal reasons with no disagreements regarding operations or financial statements. CEO Ronald Glibbery was appointed interim CFO, Secretary, principal financial officer, and principal accounting officer without additional compensation until a successor is hired. At the September 10, 2026 Annual Meeting, shareholders approved an amendment to increase shares reserved under the 2019 Stock Incentive Plan by 1,500,000. The meeting also resulted in the re-election of directors Ronald Glibbery, Cornelis Links, Andreas Melder, and Robert Y. Newell; ratification of Weinberg & Company as independent auditors; approval of executive compensation; and authorization for share issuance to Roth Principal Investments under a June 30, 2026 agreement. Peraso Inc. operates in the semiconductor industry, developing wireless connectivity solutions.

Peraso Inc. reported financial results for the second quarter ended June 30, 2026. Total net revenue increased approximately 36% sequentially to $1.3 million from $1.0 million in the prior quarter, driven by shipments of mmWave products to a new fixed wireless access customer. GAAP net loss was $2.2 million, or ($0.16) per share, compared with a net loss of $2.5 million, or ($0.22) per share, in the previous quarter. Gross margin improved to 63.7% from 61.5%. The company noted that irregular order patterns and supply chain constraints are expected to persist into the fourth quarter. Peraso Inc. operates in the semiconductor industry, providing high-performance 60 GHz wireless technology chipsets, modules, software, and IP for applications including fixed wireless access, defense, and drone communications.

Daniel Lewis provided written notice of his planned retirement and decision not to stand for re-election as a director upon the expiration of his current term at the Company’s 2026 annual meeting. The filing states that Mr. Lewis’ departure was not the result of any disagreement with the Company on operations, policies, or practices. Peraso Inc. operates in the semiconductor industry, developing wireless connectivity solutions for next-generation communications.

Peraso Inc. received a notification from Nasdaq on July 21, 2026, stating that its common stock failed to meet the minimum $1 bid price requirement for 30 consecutive business days ending July 20, 2026. The company has a 180-day compliance period ending January 19, 2027, to regain compliance by achieving a $1 closing bid price for at least ten consecutive business days. Failure to cure the deficiency may lead to delisting, though a second 180-day period may be available if the company intends to effect a reverse stock split. Additionally, the company scheduled its 2026 Annual Meeting of Stockholders for September 10, 2026. Peraso Inc. is a technology company that develops semiconductor solutions.