Peraso Inc. Completes Business Combination with MoSys, Inc.
Ticker: PRSO · Form: 8-K · Filed: Apr 4, 2024 · CIK: 890394
| Field | Detail |
|---|---|
| Company | Peraso Inc. (PRSO) |
| Form Type | 8-K |
| Filed Date | Apr 4, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $2.88 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: merger, acquisition, corporate-governance
TL;DR
Peraso and MoSys are officially one company now, trading as Peraso Inc.
AI Summary
On April 4, 2024, Peraso Inc. filed an 8-K report detailing the completion of its previously announced business combination with MoSys, Inc. The transaction, which was approved by Peraso's stockholders on March 28, 2024, resulted in the combined entity continuing under the name Peraso Inc. The filing also confirms the election of a new board of directors and the appointment of key officers for the combined company.
Why It Matters
This filing marks the official completion of the merger between Peraso and MoSys, creating a new entity that will operate as Peraso Inc., impacting its stock structure and corporate governance.
Risk Assessment
Risk Level: medium — The completion of a business combination introduces integration risks and potential changes in market perception for the newly formed entity.
Key Players & Entities
- Peraso Inc. (company) — Registrant and combined company name
- MoSys, Inc. (company) — Company in business combination
- March 28, 2024 (date) — Date of stockholder approval for the business combination
- April 4, 2024 (date) — Date of the 8-K filing and effective date of the business combination
FAQ
What is the effective date of the business combination between Peraso Inc. and MoSys, Inc.?
The business combination was effective as of April 4, 2024.
Under what name will the combined company operate?
The combined company will continue to operate under the name Peraso Inc.
When did Peraso Inc. stockholders approve the business combination?
Peraso Inc. stockholders approved the business combination on March 28, 2024.
What significant corporate governance changes are noted in the filing?
The filing notes the election of a new board of directors and the appointment of key officers for the combined company.
What was the former name of Peraso Inc. before the MoSys combination?
The filing indicates that Peraso Inc. was formerly known as MoSys, Inc. prior to the business combination.
Filing Stats: 437 words · 2 min read · ~1 pages · Grade level 9.8 · Accepted 2024-04-04 09:00:11
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share PRSO The Nasdaq Stock Mar
- $2.88 million — purchase order from a customer totaling $2.88 million. This non-cancelable order represents i
Filing Documents
- ea0203295-8k_peraso.htm (8-K) — 25KB
- ea020329501ex99-1_peraso.htm (EX-99.1) — 9KB
- ex99-1_001.jpg (GRAPHIC) — 4KB
- 0001213900-24-030080.txt ( ) — 210KB
- prso-20240404.xsd (EX-101.SCH) — 3KB
- prso-20240404_lab.xml (EX-101.LAB) — 33KB
- prso-20240404_pre.xml (EX-101.PRE) — 22KB
- ea0203295-8k_peraso_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. On April 4, 2024, Peraso Inc. (the "Company") issued a press release announcing that it received an additional purchase order from a customer totaling $2.88 million. This non-cancelable order represents incremental last-time buys associated with the previously announced end-of-life program for the Company's memory integrated circuit products. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this item 8.01.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 Press Release dated April 4, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PERASO INC. Date: April 4, 2024 By: /s/ James Sullivan James Sullivan Chief Financial Officer 2