other material
confidence high
sentiment neutral
materiality 0.55
Peraso raises $4.2M in underwritten public offering of common stock and warrants
Peraso Inc.
- Closed offering of 562,500 shares, pre-funded warrants, Series A (5yr, $2.25) and Series B (6mo, $2.25) warrants.
- Gross proceeds ~$4.172M; net proceeds ~$3.4M after underwriting discounts and offering expenses.
- Net proceeds intended to fund operations, working capital, and general corporate purposes.
- Underwriter partially exercised 45-day option for 82,500 additional shares and related warrants.
- Officers and directors subject to 90-day lock-up; company locked from variable-rate transactions for one year.