secwatch.observer — SEC 8-K summary
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Issuer:     Peraso Inc. (PRSO)
CIK:        0000890394
Form:       8-K
Filed at:   2023-12-19T23:59:59+00:00
Accession:  0001213900-23-096657
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.03, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peraso announces 1-for-40 reverse stock split effective Jan 2; shares reduce from 30.7M to 767K
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- Reverse 1-for-40 split effective 4:01pm ET Jan 2; trading Jan 3 on Nasdaq under PRSO, new CUSIP 71360T200.
- Intended to satisfy Nasdaq $1.00 minimum bid price requirement for continued listing.
- Shares reduced from ~30.7M to ~767K; fractional shares rounded up; authorized shares unchanged.
- Approved by stockholders at Dec 15, 2023 annual meeting; all five directors elected.
- Outstanding equity awards and warrants adjusted: shares /40, exercise price ×40.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890394/000121390023096657/0001213900-23-096657-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890394/000121390023096657/ea190280-8k_peraso.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-096657

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