Peraso raises $4.0M via registered direct offering and private placement of common stock and warrants

Peraso Inc.

Issued 2.25M shares at $0.70 and pre-funded warrants for 3.46M shares at $0.69 (exercise $0.01) for gross proceeds of $4.0M.
Concurrent private placement: Purchase warrants for 5.71M shares at $0.70, 5-year term.
Existing warrants held by investor repriced from $1.36 to $1.00 exercise price upon closing.
Net proceeds to be used for operations, 5G product development, and working capital.
Closing expected June 2, 2023; Benchmark Company acted as placement agent.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Peraso Inc. entered into Securities Purchase Agreement with an institutional investor valued at approximately $4 million (effective 2023-05-31).

Action: entry
Agreement: equity purchase
Counterparty: an institutional investor
Value: approximately $4 million
Effective: 2023-05-31

Exact text from the filing

On May 31, 2023, Peraso Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an institutional investor (the “Purchaser”), pursuant to which the Company will offer and sell to the Purchaser, in a registered direct offering, an aggregate of 2,250,000 shares (the “Shares”) of common stock, par value $0.001 per share (the “Common Stock”), at a negotiated purchase price of $0.70 per share.

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113 material agreements filed in the last 30 days. Browse all material agreements →

Peraso Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-045405

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