Peraso raises $2.45M in registered direct offering and private placement warrants

Peraso Inc.

Gross proceeds expected ~$2.45M from sale of 2.45M shares (or pre-funded warrants) at $1.00/share.
Concurrent private placement: warrants to purchase up to 3.675M shares at $1.36, exercisable in 6 months, 5-year term.
Net proceeds for operations, 5G product development, and working capital.
Closing expected Nov 30, 2022; The Benchmark Company acted as placement agent.
Pre-funded warrants exercise price $0.01, immediately exercisable.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Peraso Inc. entered into Securities Purchase Agreement with an institutional investor valued at approximately $2.45 million (effective 2022-11-28).

Action: entry
Agreement: equity purchase
Counterparty: an institutional investor
Value: approximately $2.45 million
Effective: 2022-11-28

Exact text from the filing

On November 28, 2022, Peraso Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an institutional investor (the “Purchaser”), pursuant to which the Company will offer and sell to the Purchaser, in a registered direct offering, an aggregate of 1,300,000 shares (the “Shares”) of common stock, par value $0.001 per share (the “Common Stock”), at a negotiated purchase price of $1.00 per share.

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113 material agreements filed in the last 30 days. Browse all material agreements →

Peraso Inc. filing history →

Source: SEC EDGAR

accession 0001564590-22-038601

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