CFO Exit at Peraso: CEO Steps In as Interim, Stockholders Back Equity Plan Expansion
PRSO is trading near its 52-week low of $0.515 (6.8% above the low).
Summary
Peraso's CFO resigned effective October 2, 2026, with CEO Ronald Glibbery stepping in as interim CFO. Stockholders also approved a 1.5 million share increase to the equity incentive plan and share issuance to Roth Principal Investments.
Key Events · Executive and Board Changes · PRSO
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CFO Resignation
James Sullivan resigned as CFO and Secretary effective October 2, 2026, citing personal reasons with no disagreement on operations, policies, or financial statements.
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Interim CFO Appointment
CEO Ronald Glibbery appointed interim CFO and Secretary effective October 2, 2026, with no additional compensation beyond his existing CEO package.
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Equity Plan Expansion
Stockholders approved a 1,500,000 share increase to the 2019 Stock Incentive Plan, raising the share limit to 4,082,237 shares.
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Roth Principal Investments Approval
Stockholders approved issuance of shares to Roth Principal Investments under the June 30, 2026 Common Stock Purchase Agreement for Nasdaq Listing Rule 5635(d) purposes.
Analysis · PRSO · Manufacturing
Effective October 2, 2026, CFO James Sullivan resigned for personal reasons, and CEO Ronald Glibbery will take on the interim CFO role with no additional compensation. At the same meeting, stockholders approved a 1.5 million share increase to the 2019 Stock Incentive Plan and the issuance of shares to Roth Principal Investments under the June 30, 2026 purchase agreement. Losing a key financial officer during a period of going-concern doubt and Nasdaq delisting risk is significant, while the equity plan expansion adds potential future dilution.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 30.2% of the 1943 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.21%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PRSO was trading at $0.55 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $8.1M. The 52-week trading range was $0.52 to $2.37. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.