Brio Capital Takes 9.99% Stake in Peraso Inc.

TL;DR

**Brio Capital just bought 9.99% of Peraso, signaling a big bet on the semiconductor firm.**

AI Summary

Brio Capital Master Fund Ltd., a Cayman Islands-based investment fund, reported acquiring a significant stake in Peraso Inc. (formerly MoSys, Inc.), a semiconductor company. As of February 6, 2024, Brio Capital now holds 1,225,000 shares of Peraso's common stock, representing 9.99% of the company's outstanding shares. This substantial investment by an institutional fund could signal Brio Capital's confidence in Peraso's future prospects, potentially attracting other investors and influencing the stock price positively.

Why It Matters

This filing reveals a major institutional investor, Brio Capital Master Fund Ltd., has taken a nearly 10% ownership stake in Peraso Inc., which could be seen as a vote of confidence in the company's future.

Risk Assessment

Risk Level: low — An institutional investor taking a significant stake is generally seen as a positive development, reducing perceived risk.

Analyst Insight

A smart investor would research Peraso Inc.'s fundamentals and recent news, considering this institutional investment as a potential positive signal, but not the sole reason for investment.

Key Numbers

• 1,225,000 — Shares held by Brio Capital Master Fund Ltd. (Represents the total number of common stock shares of Peraso Inc. owned by the reporting person.)
• 9.99% — Percentage of Class (Indicates the ownership percentage of Peraso Inc.'s common stock held by Brio Capital Master Fund Ltd.)
• February 6, 2024 — Date of Event (The date on which the event requiring this Schedule 13G filing occurred.)
• $0.001 — Par Value (The par value of Peraso Inc.'s common stock.)

Key Players & Entities

• Brio Capital Master Fund Ltd. (company) — reporting person and investor
• Peraso Inc. (company) — subject company, semiconductor manufacturer
• MoSys, Inc. (company) — former name of Peraso Inc.
• Cayman Islands (person) — place of organization for Brio Capital Master Fund Ltd.

Forward-Looking Statements

• Peraso Inc.'s stock price may see increased investor interest due to Brio Capital's significant stake. (Peraso Inc.) — medium confidence, target: Next 3-6 months
• Brio Capital Master Fund Ltd. may seek to influence Peraso Inc.'s strategic decisions given their nearly 10% ownership. (Brio Capital Master Fund Ltd.) — low confidence, target: Next 12 months

FAQ

Key Financial Figures

• $0.001 — me of Issuer) COMMON STOCK, PAR VALUE $0.001 (Title of Class of Securities) 7136

Filing Documents

• ea193084-13gbrio_peraso.htm (SC 13G) — 88KB
• ea193084ex99-1_peraso.htm (EX-99.1) — 5KB
• 0001213900-24-011015.txt ( ) — 95KB

From the Filing

SC 13G 1 ea193084-13gbrio_peraso.htm SCHEDULE 13G UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 PERASO INC. (Name of Issuer) COMMON STOCK, PAR VALUE $0.001 (Title of Class of Securities) 71360T101 (CUSIP Number) February 6, 2024 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exch ange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 71360T101 1. Names of Reporting Persons Brio Capital Master Fund Ltd. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization Cayman Islands Number of Shares Beneficially Owned By Each Reporting Person With: 5. Sole Voting Power 120,000 shares of common stock (1) (2) 6. Shared Voting Power 0 7. Sole Dispositive Power 120,000 shares of common stock (1) (2) 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 120,000 shares of common stock (1) (2) 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares See footnote (2) below. (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 9.97% (3) 12. Type of Reporting Person (See Instructions) CO (1) Brio Capital Management LLC, is the investment manager of Brio Capital Master Fund Ltd. and has the voting and investment discretion over securities held by Brio Capital Master Fund Ltd. Shaye Hirsch, in his capacity as Managing Member of Brio Capital Management LLC, makes voting and investment decisions on behalf of Brio Capital Management LLC in its capacity as the investment manager of Brio Capital Master Fund Ltd. (2) Includes 120,000 shares of common stock. This amount excludes shares issuable upon exercise of the Warrants, Series A Warrants and Series B Warrants since each of these Warrants are not exercisable when holder beneficially owns in excess of 4.99% of the outstanding shares. (3) Percentage calculation is based on 1,203,838 shares of common stock outstanding as of February 6, 2024, as reported on a company press release, dated February 6, 2024, reporting on a company underwritten public offering. 2 CUSIP No. 71360T101 1. Names of Reporting Persons Brio Capital Management LLC 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization Delaware, United States Number of Shares Beneficially Owned By Each Reporting Person With: 5. Sole Voting Power 120,000 shares of common stock (4)(5) 6. Shared Voting Power 0 7. Sole Dispositive Power 120,000 shares of common stock (4)(5) 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 120,000 shares of common stock (4)(5) 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares See footnote (5) below. (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 9.97% (6) 12. Type of Reporting Person (See Instructions) CO (4) The shares reported above are held by Brio Capital Master Fund Ltd. Brio Capital Management LLC, is the investment manager of Brio Capital Master Fund Ltd. and has the voting and investment discretion over securities held by Brio Capital Master Fund Ltd. Shaye Hirsch, in his capacity as Managing Member of Brio Capital Management LLC, makes voting and investment decisions on behalf of Brio Capital Management LLC in its capacity as the investment manager of Brio Capital Master Fund Ltd. Brio Capital Management LLC and Shaye Hirsch disclaim beneficial ownership over the shares held by Brio Capital Master Fund Ltd., except to the extent of any pecuniary interest therein. (5) Includes 120,000 shares of common stock. This amount excludes shares issuable upon exercise of the Warrants, Series A Warrants and Series B Warrants since each of these Warrants are not exercisable when holder beneficially owns in excess of 4.99% of the outstanding shares. (6) Percentage calculation is based on 1,203,838 shares of common stock outstanding as of February 6, 2024, as reported on a company press release, dated February 6, 2024, reporting on a

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