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Stock impact report

Peraso Announces Exercise of Warrants for $1.1 Million in Gross Proceeds [Yahoo! Finance]

Peraso Inc. (PRSO) 
Company Research Source: Yahoo! Finance
the "Company"), a pioneer in mmWave wireless technology solutions, announced today the entry into a definitive agreement for the immediate exercise of certain outstanding Series C warrants to purchase up to an aggregate of 952,380 shares of common stock, issued by Peraso in November 2024 (the "Existing Warrants"), at a reduced exercise price of $1.18 per share. The gross proceeds to Peraso are expected to be approximately $1.1 million, prior to deducting placement agent fees and offering expenses. The Company intends to use the net proceeds for working capital and general corporate purposes. Ladenburg Thalmann & Co. Inc. is acting as the exclusive placement agent for the offering. In consideration for the immediate exercise of the Existing Warrants for cash, Peraso will issue new unregistered Series E warrants to purchase up to 952,380 shares of common stock (the "Series E Warrants"). The Series E Warrants will have an exercise price of $1.25 per share and are exercisable six mont Show less Read more
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