Ionic Ventures Discloses Passive Stake in Peraso Inc.

TL;DR

**Ionic Ventures just revealed a big passive stake in Peraso Inc., signaling potential upside.**

AI Summary

Ionic Ventures, LLC, a San Francisco-based investment firm, along with its group members Brendan O'Neil and Keith Coulston, filed an SC 13G on February 12, 2024, disclosing a significant passive ownership stake in Peraso Inc. (formerly MoSys, Inc.). This filing indicates that Ionic Ventures now holds a substantial portion of Peraso's Common Stock, par value $0.001 per share, as of the event date of February 6, 2024. This matters to investors because a large institutional investor taking a significant position can signal confidence in the company's future, potentially influencing stock price and market perception.

Why It Matters

A new significant investor like Ionic Ventures taking a position in Peraso Inc. could be seen as a vote of confidence, potentially attracting more investor interest and impacting the stock's valuation.

Risk Assessment

Risk Level: low — This filing indicates a passive investment, which generally carries lower risk than an activist stake, as the investor is not immediately seeking to influence company management.

Analyst Insight

A smart investor would monitor Peraso Inc.'s stock for potential upward movement following this disclosure and research Ionic Ventures' past investment performance to gauge the significance of their stake.

Key Numbers

• 71360T200 — CUSIP Number (identifies Peraso Inc.'s Common Stock)
• 20240212 — Filing Date (date the SC 13G was filed with the SEC)
• 20240206 — Date of Event (date the ownership threshold was crossed, requiring the filing)

Key Players & Entities

• Ionic Ventures, LLC (company) — reporting person and investment firm
• Peraso Inc. (company) — subject company, semiconductor manufacturer
• Brendan O'Neil (person) — group member of Ionic Ventures
• Keith Coulston (person) — group member of Ionic Ventures
• MoSys, Inc. (company) — former name of Peraso Inc.
• $0.001 (dollar_amount) — par value per share of Peraso Inc. Common Stock

Forward-Looking Statements

• Peraso Inc.'s stock price may see a short-term positive reaction due to the disclosed institutional investment. (Peraso Inc.) — medium confidence, target: 1-3 months
• Ionic Ventures will maintain a passive investment stance in Peraso Inc. for the foreseeable future. (Ionic Ventures, LLC) — high confidence, target: 6-12 months

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• g084027_sc13g.htm (SC 13G) — 86KB
• 0001753926-24-000264.txt ( ) — 87KB

From the Filing

SC 13G 1 g084027_sc13g.htm SC 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.)* Peraso Inc. (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securities) 71360T200 (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 Exchange 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. 71360T200 13G Page 2 of 10 Pages 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Ionic Ventures, 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 California, United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 136,107 (1) 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 136,107 (1) 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 136,107 (1) 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.9% (1) 12. TYPE OF REPORTING PERSON (see instructions) OO (1) As more fully described in Item 4 of this Statement on Schedule 13G (this “ Statement ”), such shares and percentage are based on 1,346,334 outstanding shares of the issuer’s common stock, par value $0.001 per share (the “ Common Stock ”), as disclosed in the issuer’s Current Report on Form 8-K, filed by the issuer with the U.S. Securities and Exchange Commission (the “ SEC ”) on February 9, 2024 (the “ Form 8-K ”), and do not give full effect to the shares of Common Stock issuable upon full exercise of (i) common stock purchase warrants (the “ Warrants ”), (ii) pre-funded common stock purchase warrants (the “ Pre-Funded Warrants ”), (iii) Series A common stock purchase warrants (the “ Series A Warrants ”) and (iv) Series B common stock purchase warrants (the “ Series B Warrants ”), which exercise in each case is subject to a 9.99% beneficial ownership blocker (a “ Blocker ”). CUSIP No. 71360T200 13G Page 3 of 10 Pages 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Ionic 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 0 6. SHARED VOTING POWER 136,107 (1) 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 136,107 (1) 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 136,107 (1) 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.9% (1) 12. TYPE OF REPORTING PERSON (see instructions) OO (1) As more fully described in Item 4 of this Statement, such shares and percentage are based on 1,346,334 outstanding shares of Common Stock, as disclosed in the Form 8-K, and do not give full effect to the shares of Common Stock issuable upon full exercise of (i) the Warrants, (ii) Pre-Funded Warrants, (iii) Series A Warrants and (iv) Series B Warrants, which exercise in each case is CUSIP No. 71360T200 13G Page 4 of 10 Pages 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Brendan O’Neil 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 United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 136,107 (1) 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 136,107 (1) 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 136,107 (1) 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

View Full Filing

View this SC 13G filing on SEC EDGAR