other_material
confidence high
sentiment neutral
materiality 0.60
Peraso secures ~$1.1M via warrant exercise inducement, issues new Series E warrants
Peraso Inc.
- Existing Series C warrant holder exercises 952,380 shares at reduced price $1.18 (from $1.61), gross proceeds ~$1.1M.
- In exchange, Peraso issues new unregistered Series E warrants to purchase 952,380 shares at $1.25, exercisable from six months, term 5.5 years.
- Net proceeds intended for working capital and general corporate purposes.
- Placement agent Ladenburg Thalmann receives 9% cash fee and warrants for 7% of shares issued.
- Company agreed to file resale registration statement for new warrant shares within 30 days.
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