Peraso Announces Exercise of Warrants for $1.1 Million in Gross Proceeds

Rhea-AI Summary

Peraso (NASDAQ:PRSO), a mmWave wireless technology solutions company, has announced the exercise of Series C warrants for $1.1 million in gross proceeds. The agreement involves the immediate exercise of warrants to purchase 952,380 shares at a reduced price of $1.18 per share.

As part of the transaction, Peraso will issue new unregistered Series E warrants to purchase an equal number of shares at $1.25 per share, exercisable after six months with a term of 5.5 years. The company plans to use the proceeds for working capital and general corporate purposes. Ladenburg Thalmann & Co. Inc. serves as the exclusive placement agent.

Positive

• Immediate cash injection of $1.1 million to strengthen working capital
• Successfully negotiated warrant exercise at $1.18 per share
• New Series E warrants have fixed pricing without anti-dilution provisions

Negative

• Dilution of existing shareholders through issuance of 952,380 new shares
• Additional potential dilution from new Series E warrants
• Reduced exercise price suggests company needed incentive to encourage warrant exercise

News Market Reaction

-4.07%

8 alerts

-4.07% News Effect

-21.7% Trough in 7 hr 15 min

-$367K Valuation Impact

$9M Market Cap

0.1x Rel. Volume

On the day this news was published, PRSO declined 4.07%, reflecting a moderate negative market reaction. Argus tracked a trough of -21.7% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $367K from the company's valuation, bringing the market cap to $9M at that time.

Data tracked by StockTitan Argus on the day of publication.

SAN JOSE, CALIFORNIA / ACCESS Newswire / September 11, 2025 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, announced today the entry into a definitive agreement for the immediate exercise of certain outstanding Series C warrants to purchase up to an aggregate of 952,380 shares of common stock, issued by Peraso in November 2024 (the "Existing Warrants"), at a reduced exercise price of $1.18 per share. The gross proceeds to Peraso are expected to be approximately $1.1 million, prior to deducting placement agent fees and offering expenses. The Company intends to use the net proceeds for working capital and general corporate purposes.

Ladenburg Thalmann & Co. Inc. is acting as the exclusive placement agent for the offering.

In consideration for the immediate exercise of the Existing Warrants for cash, Peraso will issue new unregistered Series E warrants to purchase up to 952,380 shares of common stock (the "Series E Warrants"). The Series E Warrants will have an exercise price of $1.25 per share and are exercisable six months from the date of issuance. The term of the Series E Warrants is five and one-half years from the initial exercise date. The Series E Warrants are fixed priced and do not contain any price reset, exchange features or anti-dilution provisions.

The shares of common stock issuable upon exercise of the Existing Warrants are registered pursuant to an effective registration statement on Form S-3 (File No. 333-283573). The Series E Warrants described above were offered in a private placement pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933, as amended (the "1933 Act"), and, along with the shares of common stock issuable upon exercise, have not been registered under the 1933 Act and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission ("SEC") or an applicable exemption from such registration requirements. Peraso has agreed to file a registration statement with the SEC covering the resale of the shares of common stock issuable upon exercise of the Series E Warrants.

Additional information regarding the offering will be available in a Current Report on Form 8-K to be filed with the SEC.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in this offering, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Peraso Inc.

Peraso Inc. (NASDAQ:PRSO) is a pioneer in high performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, modules, software and IP. Peraso supports a variety of applications, including fixed wireless access, military, immersive video and factory automation. In addition, Peraso's solutions for data and telecom networks focus on Accelerating Data Intelligence and Multi-Access Edge Computing, providing end-to-end solutions from the edge to the centralized core and into the cloud. For additional information, please visit www.perasoinc.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and Private Securities Litigation Reform Act, as amended, which are intended to be covered by the "safe harbor" created by those sections. All statements in this release that are not based on historical fact are "forward-looking statements." These statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "strategy," "goal," or "planned," "seeks," "may," "might," "will," "expects," "intends," "believes," "should," and similar expressions, or the negative versions thereof, and which also may be identified by their context. Such statements are based on information available to the Company as of the date of this press release and are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from the Company's current expectations, including market conditions, risks associated with the cash requirements of Peraso's business and other risks detailed from time to time in the Company's filings with the SEC, and represent views only as of the date they are made and should not be relied upon as representing views as of any subsequent date. Peraso undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.

Media Contact
Tyler Weiland
Shelton Group
P: 972-571-7834
E: tweiland@sheltongroup.com

Company Contact
Ron Glibbery
CEO
rglibbery@perasoinc.com

SOURCE: Peraso Inc.

View the original press release on ACCESS Newswire

FAQ

What is the size of Peraso's (PRSO) warrant exercise announced in September 2025?

Peraso announced the exercise of warrants for $1.1 million in gross proceeds, involving 952,380 shares at $1.18 per share.

What are the terms of PRSO's new Series E warrants?

The Series E warrants allow purchase of 952,380 shares at $1.25 per share, are exercisable after 6 months, and have a 5.5-year term from initial exercise date.

How will Peraso use the proceeds from the warrant exercise?

Peraso plans to use the net proceeds for working capital and general corporate purposes.

Who is the placement agent for Peraso's warrant exercise transaction?

Ladenburg Thalmann & Co. Inc. is acting as the exclusive placement agent for the offering.

What is the registration status of PRSO's new Series E warrants?

The Series E warrants were offered in a private placement and are currently unregistered. Peraso has agreed to file a registration statement with the SEC for the resale of shares issuable upon exercise.