Peraso Inc. (PRSO): Nasdaq/NYSE listing notice — Peraso receives 180-day extension to Jan 29, 2024 to regain Nasdaq minimum bid price compliance

Peraso Inc.

Nasdaq granted Peraso a 180-day extension until January 29, 2024 to meet the $1 minimum bid price rule.
Company must close at $1 per share for 10 consecutive business days to regain compliance.
If not compliant by Jan 29, 2024, Nasdaq will issue a delisting notice; Peraso may appeal but no assurance.
No immediate impact on trading; stock continues on Nasdaq Capital Market under PRSO.

item 3.01 item 7.01 item 9.01

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 extension granted notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

August 1, 2023, the Company received written notification from the Listing Qualifications Department of Nasdaq, granting the Company’s request for a 180-day extension to regain compliance with the Bid Price Rule. The Company now has until January 29, 2024 to meet the requirement. If at any time prior to January 29, 2024, the bid price of the Common Stock closes at $1 per share or more for a minimum of 10 consecutive business days, the Company will regain compliance with the Bid Price Rule. If the Company does not regain compliance with the Bid Price Rule during the additional 180-day extension

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Peraso Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-063646

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