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Peraso Regains Compliance with Nasdaq Minimum Bid Price Requirement

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Peraso Inc. (NASDAQ:PRSO) has regained compliance with the Nasdaq Capital Market's minimum bid price continued listing requirement, with a closing bid price of its common stock in excess of the $1.00 minimum requirement for the last 10 consecutive trading days.
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The notification received by Peraso Inc. from Nasdaq regarding the regained compliance with the minimum bid price requirement marks a significant turning point for the company's stock market presence. Historically, companies that fall below this threshold are at risk of being delisted, which can severely impact investor confidence and restrict access to capital markets. Peraso's ability to maintain a closing bid price above $1.00 for 10 consecutive trading days indicates a positive market reception that could potentially attract new investors and improve liquidity.

However, it is crucial to scrutinize the underlying factors that led to the improvement in stock price. If the increase is driven by short-term events rather than fundamental improvements in the company's financial health or market position, the sustainability of this compliance may be at risk. Investors should look for consistent performance and strategic initiatives that support long-term growth.

The compliance with Nasdaq's minimum bid price requirement suggests that Peraso's market perception might be improving. The mmWave technology sector is rapidly evolving, with applications in 5G networks, autonomous vehicles and IoT devices. As a leader in this field, Peraso's stock performance could reflect broader industry trends and investor sentiment towards the future of mmWave technology.

It is imperative to analyze market trends, competitive dynamics and technological advancements within the mmWave industry to fully understand the potential impact on Peraso's business operations and stock performance. An upward trajectory in stock price in the context of industry growth could signify that Peraso is well-positioned to capitalize on market opportunities.

Regaining compliance with Nasdaq's Marketplace Rule 5550(a)(2) alleviates immediate legal and regulatory concerns related to Peraso's listing status. This compliance removes the immediate threat of delisting procedures, which can be a lengthy and costly process that involves legal counsel and potential appeals. It also prevents the negative perception associated with non-compliance, which can lead to a loss of institutional investors or strategic partnerships that have policies against investing in non-compliant companies.

For a company in the technology sector, maintaining a listing on a major exchange like Nasdaq is crucial for credibility and access to capital. It also has implications for contractual agreements that may have clauses related to the company's listing status. Investors should be aware that while compliance is a positive development, it does not eliminate the need for ongoing legal diligence regarding the company's adherence to other regulatory requirements.

SAN JOSE, CA / ACCESSWIRE / January 19, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology, 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 January 17, 2024, 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, antenna modules, software and IP. Peraso supports a variety of applications, including fixed wireless access, 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.

Company Contact:

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

Investor Relations Contacts:

Shelton Group
Brett L. Perry | Leanne K. Sievers
P: 214-272-0070| 949-224-3874
E: sheltonir@sheltongroup.com

SOURCE: Peraso Inc.



View the original press release on accesswire.com

Peraso Inc. (PRSO) has regained compliance with the Nasdaq Capital Market's minimum bid price continued listing requirement, with a closing bid price of its common stock in excess of the $1.00 minimum requirement for the last 10 consecutive trading days.

The ticker symbol for Peraso Inc. is PRSO.

The Nasdaq Marketplace Rule 5550(a)(2) is the minimum bid price continued listing requirement for the Nasdaq Capital Market.
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About PRSO

peraso is a fabless semiconductor company specializing in the development of integrated circuits for the 60 ghz wireless marketplace. peraso’s goal is to provide best in class products for the consumer electronics (ce) market in general, and specifically to the mobile segment, including smartphones, tablets, and digital cameras. as such, peraso endeavors to incorporate features critical to the mobile market in our products, including minimal footprint, low power consumption and competitive price points. peraso offers exciting new challenges in a dynamic entrepreneurial environment. peraso offers engineers an opportunity to participate in some of the most advanced technology development in the world. specialties include millimeter wave 60 ghz wireless circuit design, advanced antenna and phased array design, advanced packaging design, high speed mixed signal and digital design, phy/mac architecture development and real-time software development. peraso is practicing true state-of-the-ar