Peraso, Inc. (PRSO) has released an update to notify the public and investors about an entry into a material definitive agreement.
Peraso Inc. successfully completed a public offering on February 8, 2024, generating net proceeds of approximately $3.4 million. The offering included common stock, various series of warrants, and additional shares following a partial exercise of the underwriter’s option. The funds raised are earmarked for operational costs, working capital, and general corporate purposes. The warrants, which are not planned to be listed on any exchange, come with specific exercise prices and expiration dates, while the underwriting agreement stipulates lock-up periods restricting certain equity transactions post-offering.
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For a comprehensive understanding of the announcement, you can read the full document here.
