DealsJul 2, 2026, 05:17 PM
Peraso secures $25M committed equity facility with Roth Principal Investments
AI Summary
Peraso Inc. has entered into a Common Stock Purchase Agreement and a Registration Rights Agreement with Roth Principal Investments, LLC, establishing a committed equity facility. This facility grants Peraso the right, but not the obligation, to sell up to $25 million of its common stock over a 36-month period, subject to a registration statement becoming effective and other conditions. The company plans to use the net proceeds for working capital, general corporate purposes, and continued product development in drone, defense, and tactical communications markets.
Key Highlights
- Entered into Common Stock Purchase Agreement with Roth Principal Investments, LLC.
- Secured a committed equity facility (CEF) for up to $25 million.
- Company has the discretion to sell shares over a 36-month period.
- Proceeds to be used for working capital and general corporate purposes.
- Funds will support product development for drone, defense, and tactical communications.
- Shares to be sold at a discount, e.g., 3.0% discount to VWAP for Market Open Purchases.
- Sales are subject to SEC registration statement effectiveness and Nasdaq rules.
Price Impact
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