Peraso Announces $4.0 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

Jun 01, 2023

SAN JOSE, CA / ACCESSWIRE / May 31, 2023 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company") today announced that it has entered into a securities purchase agreement with an institutional investor (the "Investor") in connection with a registered direct offering, which was priced at-the-market under Nasdaq rules, of an aggregate of 5,714,286 shares of its common stock (or pre-funded warrants in lieu thereof) at an offering price of $0.70 per share (or $0.69 per pre-funded warrant). The pre-funded warrants will be immediately exercisable at a nominal exercise price of $0.01 per share and may be exercised at any time until all of the pre-funded warrants are exercised in full. Additionally, in a concurrent private placement, the Company will issue to the Investor unregistered common stock purchase warrants (the "Private Placement Warrants") to purchase up to 5,714,286 shares of common stock. The Private Placement Warrants have an exercise price of $0.70 per share and are exercisable for a period of five years beginning from the date of issuance.

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