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Peraso Enters Into Committed Equity Facility of Up to $25 Million
Facility Expected to Provide Access to Additional Working Capital and to Support Continued Product Development for Drone, Defense and Tactical Communications SAN JOSE, CA / ACCESS Newswire / July 2, 2026 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the ...
About this update from Peraso Inc.
Facility Expected to Provide Access to Additional Working Capital and to Support Continued Product Development for Drone, Defense and Tactical Communications SAN JOSE, CA / ACCESS Newswire / July 2, 2026 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced that it has entered into a committed equity facility ("CEF") with Roth Principal Investments, LLC ("RPI"), an affiliate of CR Financial Holdings, Inc., the holding company for Roth Capital Partners. The CEF allows, but does not obligate, Peraso to issue and sell up to $25 million of its shares of common stock to RPI, at the Company's discretion and subject to certain conditions set forth in the CEF agreement, following the filing and effectiveness of a registration statement registering the resale of such shares. Peraso intends to use any net proceeds for working capital and general corporate purposes, including continued product development and expansion in the drone, defense and tactical communications markets. The Company may access capital opportunistically over time and is under no obligation to utilize the full amount available under the facility. The Company may not be able to sell the full $25 million of shares available under the facility due to limitations, including the number of shares registered for resale and applicable Nasdaq rules. "We are pleased to have entered into this committed equity facility, which is intended to provide additional financial and working capital flexibility, including to support our continued product development for drone, defense and tactical communications," stated Ron Glibbery, CEO of Peraso. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The Company intends to file a registration statement with the SEC to register the resale of the shares issuable under the CEF. These securities may not be sold until that registration statement is filed and becomes effective. Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Sec...