DelistingJul 24, 2026, 05:01 PM
Peraso Receives Nasdaq Delisting Warning for Bid Price Non-Compliance
AI Summary
Peraso Inc. received a notice from Nasdaq indicating non-compliance with the minimum $1 bid price requirement, based on the stock's performance for the 30 days ending July 20, 2026. The company has been granted 180 calendar days, until January 19, 2027, to regain compliance. Separately, Peraso announced that its 2026 Annual Meeting of Stockholders will be held virtually on September 10, 2026, with a record date of July 20, 2026, and a deadline of August 3, 2026, for shareholder proposals and director nominations.
Key Highlights
- Peraso Inc. received a Nasdaq notice for not meeting the $1 minimum bid price requirement.
- The non-compliance is based on the closing bid price for 30 consecutive business days ended July 20, 2026.
- Company has 180 calendar days, until January 19, 2027, to regain compliance.
- To regain compliance, the stock must close at $1 or more for at least ten consecutive business days.
- The 2026 Annual Meeting of Stockholders is scheduled for September 10, 2026, as a virtual meeting.
- Shareholders of record on July 20, 2026, are entitled to vote at the annual meeting.
- Deadline for shareholder proposals and director nominations is August 3, 2026.
Price Impact
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