Peraso's filings document a fabless semiconductor issuer focused on mmWave wireless technology, including 60 GHz modules, antenna modules, software-enabled applications, NRE services, and IP licensing. Current Reports on Form 8-K record operating results, preliminary financial updates, product and customer milestones, at-the-market offering activity, and other material events.
Proxy and governance filings cover director elections, board composition, stockholder voting matters, executive and director compensation, stock option awards, and amendments to the Amended and Restated 2019 Stock Incentive Plan. The filing record also addresses capital-structure matters, common stock issuance programs, material agreements, risk language, and strategic-review disclosures.
Peraso Inc. (PRSO) agreed to raise approximately $10 million in gross proceeds before offering expenses from Nant Capital, LLC in a private placement expected to close on or about October 28, 2026, subject to closing conditions. It includes 3,271,355 common shares, pre-funded warrants for 16,593,563 shares in lieu of shares where the 19.99% ownership limit applies, and common warrants for up to 19,864,918 shares. Proceeds are for working capital and general corporate purposes.
Common warrants carry a $0.3784-per-share exercise price, expire two years after issuance and may be exercised for cash or, only without an effective registration statement covering the warrant shares, on a cashless basis. Peraso must file a resale registration statement within 30 calendar days after closing and use best efforts for effectiveness by the 90th calendar day, or the 120th if SEC review includes written comments, or, if earlier, the fifth business day after notice that the SEC will not review the statement or has no further review or comments. Nant may designate two directors while beneficially owning at least 16.7%, or one while owning less than 16.7% but at least 5%, subject to Nasdaq rules and agreement conditions.
Peraso Inc. (PRSO) reported that Chief Financial Officer and Secretary James Sullivan has resigned, effective October 2, 2026, including from officer and director roles at its subsidiaries. The company states his resignation is for personal reasons and not due to any disagreement over operations, policies, practices, or financial reporting.
Chief Executive Officer Ronald Glibbery has been appointed interim Chief Financial Officer, Secretary, principal financial officer, and principal accounting officer, effective October 2, 2026, and will receive no additional compensation beyond his CEO pay. Stockholders approved an amendment to the Amended and Restated 2019 Stock Incentive Plan to increase the shares reserved for issuance by 1,500,000, along with all director nominees and the other proposals presented at the September 10, 2026 annual meeting, where shares representing 41.62% of voting power were present.
Peraso Inc. (PRSO) reported that its Compensation Committee approved increases to the annual base salaries of all executive officers, including the named executive officers. Each affected executive received a 5% increase to his then-current annual base salary, effective retroactively as of July 1, 2026. The company stated that, for the CEO, CFO and COO, any target annual bonus opportunity and severance benefits that are calculated by reference to base salary will now be recalculated using the increased base salary amounts, effective as of the Salary Increase effective date. The action was approved on August 21, 2026.
Peraso Inc., a fabless mmWave semiconductor company, reported sharp revenue declines and continued losses for the three and six months ended June 30, 2026. Total net revenue was $1.3 million for the quarter and $2.3 million year-to-date, down significantly from 2025 as memory IC and mmWave IC shipments fell and demand from fixed wireless access customers softened.
The company posted a quarterly net loss of $2.2 million and a six‑month net loss of $4.7 million, with an accumulated deficit of $186.6 million. Cash and cash equivalents were $3.3 million and working capital $4.0 million, while operating activities used $3.9 million of cash in the first half. Management concluded there is substantial doubt about the ability to continue as a going concern for at least 12 months.
To support liquidity, Peraso raised $4.7 million in net proceeds through at‑the‑market stock sales in the first half and established a $25.0 million committed equity facility with Roth Principal Investments, subject to share caps and other conditions. The company also has approximately $2.4 million of non‑cancelable inventory purchase obligations outstanding.
Peraso Inc. reported second quarter 2026 net revenue of $1.3 million, up about 36% sequentially but down from $2.2 million a year earlier, mainly due to irregular ordering and prior-period strength in memory products. Product revenue was $1.24 million, driven by higher mmWave shipments.
Gross margin improved to 63.7% from 48.3% a year ago, helped by non-recurring engineering services, favorable mmWave mix and sales of previously written-down inventory. GAAP net loss was $2.2 million, or ($0.16) per share, compared with a loss of $1.8 million, or ($0.31) per share, in the prior-year quarter.
On a non-GAAP basis, net loss was $2.06 million, or ($0.15) per share. Adjusted EBITDA was negative $2.0 million, an improvement from negative $2.3 million in the prior quarter. Cash and cash equivalents were $3.3 million as of June 30, 2026, with total assets of $6.8 million and stockholders’ equity of $4.9 million. Management highlighted continued demand for its 60 GHz mmWave technology, especially in fixed wireless access, drones, and defense, while noting ongoing supply-chain challenges and significant risk factors including the ability to continue as a going concern and to raise additional capital.
Peraso Inc. is asking stockholders to vote at a virtual 2026 annual meeting on September 10, 2026. Stockholders will elect four directors, ratify Weinberg & Company, P.A. as auditor for 2026, and vote on several key capital and compensation items.
One proposal would amend the Amended and Restated 2019 Stock Incentive Plan to increase shares reserved for issuance by 1,500,000 shares. Another seeks advisory approval of compensation for named executive officers, including 2025 total pay of $499,000 for CEO Ronald Glibbery, $404,000 for CFO James Sullivan and $374,000 for COO Bradley Lynch.
Stockholders are also asked to approve removal of Nasdaq’s 20% cap restriction for issuances of common stock to Roth Principal Investments, LLC under a June 30, 2026 Common Stock Purchase Agreement, which could allow issuances equaling or exceeding 20% of outstanding shares before that agreement. As of July 20, 2026, voting power is based on 15,051,883 shares of common stock and 23,158 Exchangeable Shares. The proxy details board independence, committee structure, director and executive pay, and change-in-control severance protections.
Peraso Inc. is asking stockholders to vote at a virtual annual meeting on September 10, 2026. Proposals include electing four directors, ratifying Weinberg & Company, P.A. as auditor, and an advisory vote on named executive officer pay.
The company seeks to amend its 2019 Stock Incentive Plan to add 1,500,000 shares for equity awards and to approve a Nasdaq Listing Rule 5635(d) “Nasdaq 20% Cap Removal Proposal” tied to a Common Stock Purchase Agreement with Roth Principal Investments, potentially involving issuance of at least 20% of pre-agreement common shares. As of July 20, 2026, there were 15,051,883 shares of common stock and 23,158 Exchangeable Shares outstanding and entitled to vote.
2025 compensation totaled $499,000 for CEO Ronald Glibbery, $404,000 for CFO James Sullivan, and $374,000 for COO Bradley Lynch, including stock options. The pay-versus-performance table shows 2025 net loss of $4,753,000 and a cumulative TSR value of (97.02) on a $100 investment from the measurement start date.
Peraso Inc. reported that on July 28, 2026, director Daniel Lewis notified the company that, in connection with his planned retirement, he will not stand for re-election when his current term ends at the company’s 2026 annual meeting of stockholders.
The company stated that Mr. Lewis’ retirement and decision not to stand for re-election were not the result of any disagreement regarding its operations, policies or practices.
Peraso Inc. reported that Nasdaq notified it on July 21, 2026 that its common stock no longer satisfies the Nasdaq Capital Market minimum $1 bid price requirement, based on the closing bid price for 30 consecutive business days ended July 20, 2026. Under Nasdaq rules, Peraso has 180 calendar days, until January 19, 2027, to regain compliance by achieving a closing bid of at least $1 per share for at least ten consecutive business days. If it still does not meet the standard, it may be eligible for an additional 180-day period if it meets other listing criteria and notifies Nasdaq of its intent to cure, including by a reverse stock split if necessary. The notice does not immediately remove the stock from Nasdaq, and the company is monitoring its share price and options.
The board also set September 10, 2026 as the date of the virtual 2026 annual meeting of stockholders, with a record date of July 20, 2026. Shareholder proposals, director nominations and universal proxy notices are due by 5:00 p.m. Eastern on August 3, 2026.