Peraso boosts ATM stock capacity to $670,000
Peraso Inc. filed a prospectus supplement to increase the maximum amount of common stock it may sell under its at-the-market offering program with Ladenburg Thalmann to an aggregate of $670,000 of shares.
Rhea-AI Filing Summary
Peraso Inc. filed a prospectus supplement to increase the maximum amount of common stock it may sell under its at-the-market offering program with Ladenburg Thalmann to an aggregate of $670,000 of shares. This is on top of approximately $9,370,130 in shares already sold under the same Sales Agreement. The shares are offered under an effective Form S-3 registration statement and related base prospectus, as updated by several prospectus supplements including the new one. Peraso also filed a legal opinion from Mitchell Silberberg & Knupp LLP covering the validity of the shares issued under this program.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
New ATM capacity: $670,000 of shares
Prior ATM sales: $9,370,130 gross
Form S-3 file number: 333-280798
+3 more
6 metrics
New ATM capacity
$670,000 of shares
Maximum additional common stock under ATM program
Prior ATM sales
$9,370,130 gross
Aggregate gross sales price of shares sold to date under Sales Agreement
Form S-3 file number
333-280798
Shelf registration statement covering the ATM shares
S-3 filing date
July 12, 2024
Date Form S-3 was filed with the SEC
S-3 effective date
July 22, 2024
Date Form S-3 registration statement became effective
Sales Agreement date
August 30, 2024
Date of At the Market Offering Agreement with Ladenburg Thalmann
Key Terms
prospectus supplement, At the Market Offering Agreement, registration statement on Form S-3, base prospectus, +1 more
5 terms
prospectus supplement financial
"filed a prospectus supplement (the “Current Prospectus Supplement”) to increase the maximum number of shares"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
At the Market Offering Agreement financial
"issuable pursuant to the At the Market Offering Agreement between the Company and Ladenburg Thalmann"
An at-the-market offering agreement is a contract that lets a company sell newly issued shares directly into the open market through a broker, at whatever price the stock is trading at that moment. For investors this matters because it can increase the number of shares available (which may dilute existing ownership) while providing a flexible, often faster way for the company to raise cash without fixing a price, similar to a vendor selling small batches at current market stalls rather than setting a single fixed price.
registration statement on Form S-3 regulatory
"will be made pursuant to the Company’s registration statement on Form S-3 (File No. 333-280798)"
A registration statement on Form S‑3 is a short, standardized filing a qualified public company uses to register new securities with regulators so they can be sold to investors; think of it as a pre-approved, reusable permission slip that speeds up future offerings. It matters to investors because it lets the company raise money more quickly and cheaply — which can fund growth or pay debt — but may also lead to share dilution or change in ownership, so it affects value and liquidity.
base prospectus financial
"and a base prospectus dated as of July 22, 2024 included in the Registration Statement"
A base prospectus is a detailed document that provides essential information about a financial offering, such as a bond or share issue. It acts like a comprehensive guide for investors, explaining what the investment involves, the risks involved, and how the process works. This helps investors make informed decisions before committing their money.
Inline XBRL technical
"104 | | The cover page of this on formatted in Inline XBRL"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Peraso Inc. (PRSO) announce in this 8-K filing?
Peraso Inc. filed a prospectus supplement increasing the maximum common stock it may sell under its at-the-market offering program to $670,000, updating its existing Form S-3 shelf registration and related prospectus documents with the SEC.
How large is Peraso’s updated at-the-market offering capacity?
Peraso’s current prospectus supplement sets the maximum additional common stock it may sell under its at-the-market offering program at $670,000, providing incremental capacity beyond shares previously sold under the existing Sales Agreement.
How much stock has Peraso Inc. already sold under its ATM program?
Peraso has previously sold shares of common stock under its at-the-market offering program with an aggregate gross sales price of approximately $9,370,130, according to the disclosure in this 8-K filing.
Who is Peraso’s sales agent for the at-the-market offering?
Ladenburg Thalmann & Co. Inc. acts as sales agent under Peraso’s At the Market Offering Agreement dated August 30, 2024, through which the company may issue and sell registered shares of common stock from time to time.
What legal opinion did Peraso include with this filing?
Peraso included a legal opinion from Mitchell Silberberg & Knupp LLP as Exhibit 5.1, addressing the legality of issuing and selling the registered common stock shares under the at-the-market offering program described in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
