Peraso Inc.

Peraso Inc. announced a definitive agreement for a strategic investment of approximately $10 million from Nant Capital, LLC in a private placement. The company intends to use the proceeds for working capital and general corporate purposes, including the development of advanced communications solutions for drone applications. Nant Capital will receive shares, pre-funded warrants, and common warrants. The investment is expected to close on or about October 28, 2026. Nant Capital will also gain board designation rights based on its ownership level.

Peraso Inc. reported a net loss of $(2.22) million for Q2 2026, an increase from $(1.83) million in Q2 2025, with total net revenue decreasing to $1.31 million from $2.22 million. For the six months ended June 30, 2026, the net loss was $(4.72) million on total net revenue of $2.27 million. Management has raised substantial doubt about the company's ability to continue as a going concern due to recurring losses and significant negative cash flows.

Peraso Inc. announced Q2 2026 financial results, with total net revenue of $1.3 million, a 36% sequential increase, exceeding previous expectations due to a delayed order fulfillment. The company reported a GAAP net loss of $2.2 million, or ($0.16) per share, and a non-GAAP net loss of $2.1 million, or ($0.15) per share. Gross margin improved significantly to 63.7% year-over-year. Management noted ongoing challenges from irregular order patterns, inflated memory prices, and supply constraints, but expressed optimism about its 60 GHz mmWave technology and focus on new design wins.

Peraso Inc. announced the launch of its new PRM2145 wireless communications module, specifically designed for unmanned aerial vehicles (UAV), autonomous systems, and defense applications. This module utilizes Peraso's 60 GHz mmWave technology to provide secure, low-latency, gigabit-class communications in a compact, lightweight form factor. The PRM2145 offers enhanced resistance to interference and electronic jamming, and is expected to be available for customer evaluation in Q4 2026, marking a significant expansion into high-growth markets.

Peraso Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on September 10, 2026. Stockholders will vote on several key proposals, including the election of four directors, the ratification of its independent auditor, and an amendment to increase shares reserved under the 2019 Stock Incentive Plan by 1,500,000. Additionally, shareholders will consider an advisory vote on executive compensation and a proposal to approve the Nasdaq 20% Cap Removal related to a common stock purchase agreement with Roth Principal Investments, LLC.

Peraso Inc. announced that Daniel Lewis will not seek re-election as a director upon the expiration of his current term at the company's 2026 annual meeting of stockholders. Mr. Lewis's decision, communicated on July 28, 2026, is due to his planned retirement and is not a result of any disagreement with the company's operations, policies, or practices.

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.

Peraso Inc. entered into a letter agreement with Roth Principal Investments, LLC on July 10, 2026, modifying their Common Stock Purchase Agreement from June 30, 2026. The key change adjusts the purchase price discount for both Pre-Market and Post-Market Purchases to 5.0% of the Volume Weighted Average Price (VWAP). All other terms of the original Purchase Agreement remain unchanged.

Peraso Inc. has filed an S-1 registration statement for the resale of up to 31,750,000 shares of its common stock by Roth Principal Investments, LLC. This is related to a Common Stock Purchase Agreement, dated June 30, 2026, under which Peraso may, at its sole discretion, sell up to $25,000,000 worth of shares to Roth Principal Investments. While Peraso will not receive proceeds from Roth's resale, it may receive up to $25,000,000 from its direct sales to Roth, which will be used for working capital and general corporate purposes. The agreement includes a $500,000 commitment fee paid to Roth and specific pricing mechanisms based on VWAP with discounts.

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.