Peraso Inc. (NASDAQ: PRSO) receives Nasdaq notice on sub-$1 bid price
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- Peraso received a Nasdaq notice that its stock failed the $1 minimum bid requirement, starting a 180-day cure period and introducing a risk of delisting from the Nasdaq Capital Market if compliance is not regained.
8-K Event Classification
2 items: 3.01, 5.08
2 items
Item 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Securities
The company received a delisting notice or transferred its listing to a different exchange.
Item 5.08
Shareholder Director Nominations
Governance
Shareholder nominations for board of directors under proxy access rules. Rarely used -- the underlying SEC rule was vacated.
Key Figures
Minimum bid price requirement: $1 per share
Initial compliance period: 180 calendar days
Potential additional compliance period: 180 calendar days
+3 more
6 metrics
Minimum bid price requirement
$1 per share
Nasdaq Listing Rule 5550(a)(2) minimum bid price for common stock
Initial compliance period
180 calendar days
Period to regain Nasdaq minimum bid price compliance, ending January 19, 2027
Potential additional compliance period
180 calendar days
Possible second Nasdaq cure period if other listing standards are met
Compliance trading requirement
10 consecutive business days
Duration closing bid must be at least $1 per share to regain compliance
Annual meeting date
September 10, 2026
Date of Peraso’s 2026 virtual annual meeting of stockholders
Proposal and nomination deadline
August 3, 2026, 5:00 p.m. Eastern
Cutoff for shareholder proposals, nominations and universal proxy notices
Key Terms
Nasdaq Listing Rule 5550(a)(2), reverse stock split, universal proxy rules, Rule 14a-8, +1 more
5 terms
Nasdaq Listing Rule 5550(a)(2) regulatory
"The company no longer meets the minimum bid price under Nasdaq Listing Rule 5550(a)(2)."
reverse stock split financial
"The company may seek to cure the deficiency by effecting a reverse stock split, if necessary."
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
universal proxy rules regulatory
"To comply with the universal proxy rules, stockholders soliciting proxies must give notice by August 3, 2026."
Universal proxy rules require that when shareholders vote to elect directors in a contested election, the proxy card mailed to investors can include candidates nominated by both the company and dissident shareholders, letting investors mix and match their choices on a single ballot. This matters to investors because it makes their vote more flexible and easier to use, like replacing separate lists with one common ballot, which can influence who controls the board and the company’s future direction.
Rule 14a-8 regulatory
"Shareholders seeking inclusion of proposals in proxy materials must comply with Rule 14a-8 under the Exchange Act."
Rule 14a-8 is a U.S. Securities and Exchange Commission regulation that lets eligible shareholders put proposals on a public company’s proxy ballot for an annual meeting, provided they meet basic ownership and filing requirements. It matters to investors because it creates a formal way to raise governance or strategic issues and force a company-wide vote—like getting an item onto the agenda of a neighborhood association meeting once you’ve lived there long enough—so shareholders can push for change or influence management decisions.
Nasdaq Capital Market market
"The common stock currently trades on the Nasdaq Capital Market and remains listed despite the notice."
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What Nasdaq compliance issue did Peraso (PRSO) disclose?
Peraso disclosed that Nasdaq notified it its common stock no longer meets the $1 minimum bid price requirement after 30 consecutive business days ended July 20, 2026. The company has a defined period to regain compliance before potential delisting.
How long does Peraso (PRSO) have to regain Nasdaq bid-price compliance?
Peraso has 180 calendar days, until January 19, 2027, to regain compliance. It must achieve a closing bid of at least $1 per share for a minimum of ten consecutive business days within this period under Nasdaq rules.
Can Peraso (PRSO) receive more time beyond the initial 180 days?
Peraso may be eligible for an additional 180-day compliance period if it meets other Nasdaq Capital Market initial listing standards, except for bid price, and notifies Nasdaq of its intent to cure the deficiency, potentially through a reverse stock split if necessary.
Is Peraso (PRSO) being immediately delisted from Nasdaq?
No, the Nasdaq letter does not result in immediate delisting of Peraso’s common stock from the Nasdaq Capital Market. The company currently remains listed while it monitors its closing bid price and evaluates available options to regain compliance.
When is Peraso’s (PRSO) 2026 annual meeting and who can vote?
The 2026 annual meeting is scheduled as a virtual meeting on September 10, 2026. Stockholders of record at the close of business on July 20, 2026 are entitled to receive notice of and vote at the annual meeting.