secwatch.observer — SEC 8-K summary
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Issuer:     Peraso Inc. (PRSO)
CIK:        0000890394
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001213900-24-094644
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890394/000121390024094644/0001213900-24-094644-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890394/000121390024094644/ea0220119-8k_peraso.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-094644

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