Peraso Regains Compliance with Nasdaq Minimum Bid Price Requirement

Peraso (NASDAQ:PRSO), a mmWave wireless technology solutions company, has successfully regained compliance with Nasdaq's minimum bid price requirement.

Rhea-AI Summary

Peraso (NASDAQ:PRSO), a mmWave wireless technology solutions company, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received official notification from Nasdaq confirming that its stock maintained a closing bid price above $1.00 for 10 consecutive trading days through September 18, 2025, meeting the criteria specified in Nasdaq Marketplace Rule 5550(a)(2).

This development resolves Peraso's listing compliance concerns, with Nasdaq officially considering the matter closed.

Positive

• Successfully regained Nasdaq listing compliance, removing delisting risk
• Stock price maintained above $1.00 for 10 consecutive trading days

Negative

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

Argus Sep 22 session

+7.02% close to close Open Argus

Details

News Market Reaction – PRSO

On Sep 22, the day this news came out, PRSO closed 7.02% above the previous close.

Data tracked by StockTitan Argus for the Sep 22 session.

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SAN JOSE, CA / ACCESS Newswire / September 22, 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 September 18, 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Has Peraso (PRSO) regained Nasdaq compliance in September 2025?

Yes, Peraso received confirmation from Nasdaq on September 22, 2025, that it has regained compliance with the minimum bid price requirement by maintaining a closing bid price above $1.00 for 10 consecutive trading days.

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

Companies listed on the Nasdaq Capital Market must maintain a minimum bid price of $1.00 per share to remain compliant with Nasdaq Marketplace Rule 5550(a)(2).

When did Peraso (PRSO) complete its 10-day compliance period for Nasdaq listing?

Peraso completed its 10-day compliance period on September 18, 2025, during which its stock maintained a closing bid price above $1.00.

What happens now that Peraso has regained Nasdaq compliance?

With compliance regained, Nasdaq has officially closed the matter, and Peraso will continue its normal listing on the Nasdaq Capital Market without the risk of delisting due to bid price requirements.