Peraso raises $2.9M via warrant exercise, issues new Series C and D warrants

Peraso Inc.

Existing Series B warrants exercised at $1.30/sh, reduced from $2.25; gross proceeds ~$2.9M.
New Series C warrants (6-mo term) and Series D warrants (5-yr term) at $1.61 exercise price.
Existing non-participating warrant holders also get reduced exercise price of $1.30 until Nov 8, 2024.
Net proceeds to be used for working capital and general corporate purposes.
Ladenburg Thalmann acts as placement agent; fees 8% of gross proceeds plus 1% management fee.

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