Peraso Inc. Files 8-K: Material Agreement & Financials

TL;DR

Peraso Inc. (PRSO) filed an 8-K on 8/30/24 for a material agreement and financials.

AI Summary

Peraso Inc. (formerly MoSys, Inc.) filed an 8-K on August 30, 2024, reporting a material definitive agreement and financial statements. The company, incorporated in Delaware with its principal executive offices in San Jose, California, operates in the Semiconductors & Related Devices industry.

Why It Matters

This filing indicates Peraso Inc. has entered into a significant agreement and is providing updated financial information, which is crucial for investors to assess the company's current standing and future prospects.

Risk Assessment

Risk Level: low — This is a routine 8-K filing reporting a material agreement and financial statements, not indicating any immediate adverse events.

Key Players & Entities

• Peraso Inc. (company) — Registrant
• MoSys, Inc. (company) — Former company name
• August 30, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• San Jose, California (location) — Address of principal executive offices
• 77-0291941 (identifier) — I.R.S. Employer Identification Number
• 000-32929 (identifier) — Commission File Number

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share PRSO The Nasdaq Stock Mar
• $1,425,000 — ng an aggregate offering price of up to $1,425,000. On August 30, 2024, the Company filed
• $60,000 — its counsel, in an amount not to exceed $60,000, in addition to certain ongoing disburs
• $7,500 — isbursements of its legal counsel up to $7,500 in connection with diligence bring down

Filing Documents

• ea0212947-8k_peraso.htm (8-K) — 30KB
• ea021294701ex5-1_peraso.htm (EX-5.1) — 12KB
• ea021294701ex10-1_peraso.htm (EX-10.1) — 233KB
• ex5-1_001.jpg (GRAPHIC) — 2KB
• ex5-1_002.jpg (GRAPHIC) — 2KB
• 0001213900-24-074560.txt ( ) — 508KB
• prso-20240830.xsd (EX-101.SCH) — 3KB
• prso-20240830_lab.xml (EX-101.LAB) — 33KB
• prso-20240830_pre.xml (EX-101.PRE) — 22KB
• ea0212947-8k_peraso_htm.xml (XML) — 3KB

01 Entry Into a Material Definitive

Item 1.01 Entry Into a Material Definitive Agreement. On August 30, 2024, Peraso Inc. (the "Company") entered into an At The Market Offering Agreement (the "Sales Agreement") with Ladenburg Thalmann & Co. Inc. ("Ladenburg") with respect to an "at the market" offering program, under which the Company may, from time to time, in its sole discretion, issue and sell through Ladenburg, acting as agent or principal, shares of the Company's common stock, par value $0.001 per share (the "Shares"), initially having an aggregate offering price of up to $1,425,000. On August 30, 2024, the Company filed a prospectus supplement (the "Prospectus Supplement") with the Securities and Exchange Commission (the "SEC") in connection with the offer and sale of the Shares pursuant to the Sales Agreement. The issuance and sale of the Shares by the Company under the Sales Agreement will be made pursuant to the Company's registration statement on Form S-3 (File No. 333-280798) filed with the SEC on July 12, 2024 and declared effective on July 22, 2024 (the "Registration Statement") and a base prospectus dated as of July 22, 2024 included in the Registration Statement, as supplemented by the Prospectus Supplement. Pursuant to the Sales Agreement, Ladenburg may sell the Shares by any method permitted by law deemed to be an "at the market" offering as defined in Rule 415 under the Securities Act of 1933, as amended (the "Securities Act"). Ladenburg will use commercially reasonable efforts consistent with its normal trading and sales practices to sell the Shares from time to time, based upon instructions from the Company (including any price or size limits or other customary parameters or conditions the Company may impose). The Company will pay Ladenburg a cash commission of 3.0% of the aggregate gross sales proceeds of Shares sold through Ladenburg under the Sales Agreement. The Company also agreed to reimburse Ladenburg for certain specified expenses, including the fees and disbursements

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 5.1 Opinion of Mitchell Silberberg & Knupp LLP. 10.1 At The Market Offering Agreement, dated August 30, 2024, by and between Peraso Inc. and Ladenburg Thalmann & Co. Inc. 23.1 Consent of Mitchell Silberberg & Knupp LLP (included in Exhibit 5.1). 104 The cover page of this Current Report on Form 8-K formatted in Inline XBRL. 2 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: August 30, 2024 By: /s/ James Sullivan James Sullivan Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR