secwatch / observer

Peraso Inc. — fact timeline

Source-grounded facts extracted from Peraso Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

PRSO Peraso Inc. JSON
Earnings Releases

Peraso Inc. reported financial results for the fourth quarter and full year ended December 31, 2025.

“On March 16, 2026, Peraso Inc. (the “Company”) issued a press release announcing its financial results for the three and twelve months ended December 31, 2025.”
Material Agreements

Peraso Inc. amended Third Amendment to Series C Warrants with each holder of the Series C Warrants valued at Extended expiration date of Series C Warrants from December 5, 2025 to January 7, 2026 (effective 2025-12-05).

“On December 5, 2025, Peraso Inc. (the “Company”) extended the expiration date of its outstanding Series C warrants (the “Series C Warrants”) from 5:00 p.m. (New York City time) on December 5, 2025 to 5:00 p.m. (New York City time) on January 7, 2026, by entering into a third amendment with each holder of the Series C Warrants (the “Amendments”).”
Equity Issuances

Peraso Inc. issued 1,293,650 shares of warrant to each holder of the Series C Warrants.

“extended the expiration date of its outstanding Series C Warrants (the “Series C Warrants”) from 5:00 p.m. (New York City time) on December 5, 2025 to 5:00 p.m. (New York City time) on January 7, 2026, by entering into a third amendment with each holder of the Series C Warrants (the “Amendments”).”
Listing & Compliance Notices

Peraso Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

“September 5, 2025, Peraso Inc. (the “Company”) received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s common stock (“Common Stock”) for the 30 consecutive business days ending on September 4, 2025, the Company no longer meets the requirement to maintain a minimum bid price of $1 per share, as set forth in Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided a period of 180 calendar days, or until March 4, 2026, in which to”
Listing & Compliance Notices

Peraso Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

“April 4, 2025, Peraso Inc. (the “Company”) received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s common stock (“Common Stock”) for the 30 consecutive business days ending on April 3, 2025, the Company no longer meets the requirement to maintain a minimum bid price of $1 per share, as set forth in Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided a period of 180 calendar days, or until October 1, 2025, in which to regain”
Earnings Releases

Peraso Inc. reported first quarter ended March 31, 2024 results: revenue $2.8 million, net income $2.0 million, or ($1.07) per share, EPS ($1.07) per share.

“Total net revenue for the first quarter of 2024 was $2.8 million, compared with $1.8 million in the prior quarter and $5.0 million in the same quarter a year ago.”
Earnings Releases

Peraso Inc. reported financial results for the fourth quarter and full year ended December 31, 2023.

“On March 18, 2024, Peraso Inc. (the “Company”) issued a press release announcing its financial results for the three and twelve months ended December 31, 2023.”
Material Agreements

Peraso Inc. entered into Underwriting Agreement with Ladenburg Thalmann & Co. Inc. (effective 2024-02-06).

“On February 6, 2024, Peraso Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Ladenburg Thalmann & Co. Inc., as the sole underwriter (the “Underwriter”), relating to the issuance and sale in a public offering (the “Offering”)”
Earnings Releases

Peraso Inc. reported the year ended December 31, 2023 results: revenue approximately $13.6 million to $13.8 million.

“The Company’s estimated total revenue for the year ended December 31, 2023 is projected to be in the range of approximately $13.6 million to $13.8 million.”
Earnings Releases

Peraso Inc. reported the three months ended December 31, 2023 results: revenue approximately $1.6 million to $1.9 million.

“Peraso Inc. (the “Company”) estimates its total revenue for the three months ended December 31, 2023, to be in the range of approximately $1.6 million to $1.9 million.”
Governance Changes

Peraso Inc.: Filed amendment to Second Amended and Restated Certificate of Incorporation to implement a 1-for-40 reverse stock split (effective 2024-01-02).

“On December 15, 2023, Peraso Inc. (the “Company”) filed an amendment to its Second Amended and Restated Certificate of Incorporation (as amended, the “Amended and Restated Certificate of Incorporation”) (the “Charter Amendment”), with the Secretary of State of Delaware to implement a 1-for-40 reverse stock split, such that every forty shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), will be combined into one issued and outstanding share of Common Stock, with no change in the $0.001 par value per share (the “Reverse Stock Split”).”
Shareholder Votes

Peraso Inc. shareholders approved Approval of one or more adjournments of the Annual Meeting at the 2023-12-15 meeting.

“For Against Abstain Broker Non-Vote 8,250,860 1,159,644 195,488 - The foregoing proposal was approved.”
Shareholder Votes

Peraso Inc. shareholders approved Advisory vote on the frequency of future stockholder non-binding votes on compensation of the Company’s named executive officers at the 2023-12-15 meeting.

“One Year Two Years Three Years Abstentions 1,948,497 38,040 5,369,247 247,448 Consistent with the Board’s recommendation, the Company’s stockholders, on an advisory basis, voted in favor of a three-year frequency”
Shareholder Votes

Peraso Inc. shareholders approved Approval, on an advisory basis, of the executive compensation of the Company’s named executive officers at the 2023-12-15 meeting.

“For Against Abstain Broker Non-Vote 6,180,810 1,345,323 77,099 2,002,760 The foregoing non-binding proposal was approved.”
Shareholder Votes

Peraso Inc. shareholders approved Amendment of the Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Common Stock at a ratio to be determined by the Company’s board of directors within one year of the date of the Annual Meeting at the 2023-12-15 meeting.

“For Against Abstain Broker Non-Vote 8,690,660 826,936 88,396 - The foregoing proposal was approved.”
Shareholder Votes

Peraso Inc. shareholders approved Ratification of the audit committee’s appointment of Weinberg & Company, P.A. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-12-15 meeting.

“For Against Abstain Broker Non-Vote 9,292,090 234,223 79,679 - The foregoing proposal was approved.”
Shareholder Votes

Peraso Inc. shareholders approved Election of directors to serve until the next annual meeting of stockholders at the 2023-12-15 meeting.

“For Withheld Broker Non-Vote Ronald Glibbery 6,996,507 606,725 2,002,760 Daniel Lewis 7,009,453 593,779 2,002,760 Ian McWalter 7,035,009 568,223 2,002,760 Andreas Melder 7,034,950 568,282 2,002,760 Robert Y. Newell 6,998,060 605,172 2,002,760”
Earnings Releases

Peraso Inc. reported third quarter ended September 30, 2023 results: revenue $4.5 million, net income GAAP net loss for the third quarter of 2023 was $0.6 million, or ($0.02) per share, EPS ($0.02) per share.

“source of cash as we fulfill shipments against existing backlog throughout 2024.” Third Quarter 2023 Financial Results Total net revenue for the third quarter of 2023 was $4.5 million, compared with $2.4 million in the prior quarter and $3.3 million in the same quarter a year ago. Product revenue for the third quarter of 2023 was $4.3 million, compared with”
Earnings Releases

Peraso Inc. reported six months ended June 30, 2023 results: revenue $2.4 million.

“focus of diversifying our customer base to drive renewed and more predictable growth.” Second Quarter 2023 Financial Results Total net revenue for the second quarter of 2023 was $2.4 million, compared with $5.0 million in the prior quarter and $4.3 million in the same quarter a year ago. Product revenue for the second quarter of 2023 was $2.2 million, compared with”
Earnings Releases

Peraso Inc. reported second quarter ended June 30, 2023 results: revenue total net revenue for the second quarter of 2023 was $2.4 million, net income gaap net loss for the second quarter of 2023 was $4.1 million, EPS ($0.17) per share.

“Total net revenue for the second quarter of 2023 was $2.4 million, compared with $5.0 million in the prior quarter and $4.3 million in the same quarter a year ago.”
Listing & Compliance Notices

Peraso Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2)).

“August 1, 2023, the Company received written notification from the Listing Qualifications Department of Nasdaq, granting the Company’s request for a 180-day extension to regain compliance with the Bid Price Rule. The Company now has until January 29, 2024 to meet the requirement. If at any time prior to January 29, 2024, the bid price of the Common Stock closes at $1 per share or more for a minimum of 10 consecutive business days, the Company will regain compliance with the Bid Price Rule. If the Company does not regain compliance with the Bid Price Rule during the additional 180-day extension”
Material Agreements

Peraso Inc. entered into Securities Purchase Agreement with an institutional investor valued at approximately $4 million (effective 2023-05-31).

“On May 31, 2023, 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 2,250,000 shares (the “Shares”) of common stock, par value $0.001 per share (the “Common Stock”), at a negotiated purchase price of $0.70 per share.”
Earnings Releases

Peraso Inc. reported first quarter ended March 31, 2023 results: revenue $5.0 million, net income $3.1 million, EPS ($0.15) per share.

“advancing our robust pipeline of new business engagements in support of future growth.” First Quarter 2023 Financial Results Total net revenue for the first quarter of 2023 was $5.0 million, compared with $3.9 million in the prior quarter and $3.4 million in the same quarter a year ago. Product revenue for the first quarter of 2023 was $4.9 million, compared with”
Earnings Releases

Peraso Inc. reported the year ended December 31, 2022 results: revenue $14.9 million, net income $32.4 million, EPS ($1.61) per share. Guidance initiated.

“Total net revenue for 2022 was $14.9 million compared to $5.7 million in the prior year, which included only two weeks of revenue contribution from memory products.”
Earnings Releases

Peraso Inc. reported the fourth quarter ended December 31, 2022 results: revenue $3.9 million, net income $14.6 million, EPS ($0.71) per share. Guidance initiated.

“Total net revenue for the fourth quarter of 2022 was $3.9 million, compared with $3.3 million in the prior quarter and $1.9 million in the same quarter a year ago.”
Listing & Compliance Notices

Peraso Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

“February 1, 2023, Peraso Inc. (the “Company”) received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s common stock (“Common Stock”) for the 30 consecutive business days ending on January 31, 2023, the Company no longer meets the requirement to maintain a minimum bid price of $1 per share, as set forth in Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided a period of 180 calendar days, or until July 31, 2023, in which to re”
Shareholder Votes

Peraso Inc. shareholders approved Approval of one or more adjournments of the Annual Meeting at the 2022-12-22 meeting.

“For Against Abstain Broker Non-Vote 10,556,671 775,093 18,473 -”
Shareholder Votes

Peraso Inc. shareholders rejected Amendment of the Amended and Restated 2019 Stock Incentive Plan to increase the number of shares currently reserved for issuance thereunder by 1,250,000 shares at the 2022-12-22 meeting.

“For Against Abstain Broker Non-Vote 1,056,002 8,436,580 39,443 1,818,212”
Shareholder Votes

Peraso Inc. shareholders approved Ratification of the audit committee's appointment of Weinberg & Company, P.A. as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2022 at the 2022-12-22 meeting.

“For Against Abstain Broker Non-Vote 11,259,755 36,830 53,652 -”
Shareholder Votes

Peraso Inc. shareholders approved Election of directors to serve until the next annual meeting of stockholders at the 2022-12-22 meeting.

“For Withheld Broker Non-Vote Ronald Glibbery 8,954,233 577,792 1,818,212 Daniel Lewis 9,418,785 113,240 1,818,212 Ian McWalter 9,501,625 30,400 1,818,212 Andreas Melder 9,503,337 28,688 1,818,212 Robert Y. Newell 9,462,878 69,147 1,818,212”

Daniel Lewis retired as vice president and general manager of memory products at Peraso Inc..

“On December 16, 2022, Daniel Lewis retired from his position as vice president and general manager of memory products of Peraso Inc. (the “Company”), effective immediately.”
Material Agreements

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

“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.”
Earnings Releases

Peraso Inc. reported the third quarter ended September 30, 2022 results: revenue $3.3 million, net income $4.0 million, EPS ($0.20) per share. Guidance initiated.

“Total net revenue for the third quarter of 2022 was $3.3 million, compared with $4.3 million in the prior quarter and $2.0 million in the same quarter a year ago.”

Daniel Lewis was appointed as Vice President, General Manager of Memory Products at Peraso Inc..

“Mr. Lewis will no longer serve as the President of the Company but will now serve as Vice President, General Manager of Memory Products”

Brad Lynch was appointed as Chief Operating Officer at Peraso Inc..

“the Board appointed Ronald Glibbery, as Chief Executive Officer of the Company, and Brad Lynch, as Chief Operating Officer of the Company.”

Ronald Glibbery was appointed as Chief Executive Officer at Peraso Inc..

“the Board appointed Ronald Glibbery, as Chief Executive Officer of the Company, and Brad Lynch, as Chief Operating Officer of the Company.”

Daniel J. O'Neil resigned as Director at Peraso Inc..

“Scott Lewis and Daniel J. O’Neil, resigned from the Board”

Scott Lewis resigned as Director at Peraso Inc..

“Scott Lewis and Daniel J. O’Neil, resigned from the Board”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.