secwatch.observer — SEC 8-K summary
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Issuer:     Peraso Inc. (PRSO)
CIK:        0000890394
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001213900-23-045405
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890394/000121390023045405/0001213900-23-045405-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890394/000121390023045405/ea179675-8k_peraso.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-045405

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer