Peraso Inc. (PRSO): Nasdaq/NYSE listing notice — Peraso receives Nasdaq delisting notice for bid price below $1 per share

Peraso Inc.

Nasdaq letter on Feb 1, 2023 cites non-compliance with minimum $1 bid price rule.
Company has 180 days, until July 31, 2023, to regain compliance.
To regain, closing bid must be at least $1 for 10 consecutive business days.
If not cured, Company may seek additional 180-day period, possibly via reverse stock split.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Peraso Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

February 1, 2023, Peraso Inc. (the “Company”) received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s common stock (“Common Stock”) for the 30 consecutive business days ending on January 31, 2023, the Company no longer meets the requirement to maintain a minimum bid price of $1 per share, as set forth in Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided a period of 180 calendar days, or until July 31, 2023, in which to re

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5 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Peraso Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-007982

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