Peraso Regains Compliance with Nasdaq Minimum Bid Price Requirement

Rhea-AI Summary

Peraso Inc. (NASDAQ:PRSO), a mmWave wireless technology solutions company, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received confirmation from Nasdaq that it has met the continued listing requirement by maintaining a closing bid price above $1.00 for 10 consecutive trading days, ending June 17, 2025. This compliance with Nasdaq Marketplace Rule 5550(a)(2) ensures Peraso's continued listing on the Nasdaq Capital Market, with Nasdaq considering the matter resolved.

Positive

• Regained compliance with Nasdaq's minimum bid price requirement, avoiding potential delisting
• Demonstrated sustained stock price improvement above $1.00 for 10 consecutive trading days

Negative

• Previous trading below $1.00 indicates recent financial or market performance challenges

SAN JOSE, CALIFORNIA / ACCESS Newswire / June 20, 2025 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced that it has received a letter from The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it has regained compliance with the Nasdaq Capital Market's minimum bid price continued listing requirement. The letter noted that, as of June 17, 2025, the Company evidenced a closing bid price of its common stock in excess of the $1.00 minimum requirement for the last 10 consecutive trading days. Accordingly, the Company has regained compliance with Nasdaq Marketplace Rule 5550(a)(2) and Nasdaq considers the matter closed.

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. For additional information, please visit www.perasoinc.com.

Company Contact:
Jim Sullivan, CFO
Peraso Inc.
P: 408-418-7500
E: jsullivan@perasoinc.com

Investor Relations Contacts:
Shelton Group
Brett L. Perry
P: 214-272-0070
E: sheltonir@sheltongroup.com

SOURCE: Peraso Inc.

View the original press release on ACCESS Newswire

FAQ

What is the minimum bid price requirement for Nasdaq that PRSO had to meet?

Companies listed on Nasdaq must maintain a minimum bid price of $1.00 per share to remain compliant with listing requirements.

How did Peraso (PRSO) regain Nasdaq compliance?

Peraso regained compliance by maintaining a closing bid price above $1.00 for 10 consecutive trading days, ending June 17, 2025.

What would have happened if PRSO failed to regain Nasdaq compliance?

Failure to regain compliance could have resulted in delisting from the Nasdaq Capital Market.

What is Peraso's (PRSO) main business?

Peraso is a pioneer in mmWave wireless technology solutions.