Peraso Raises ~$10M From NantCapital at $0.50, a Premium to Its $0.37 Price
PRSO is trading near its 52-week low of $0.357 (3.5% above the low) on light trading volume (0.2× avg).
Summary
Peraso signed a definitive agreement for an approximately $10M private placement with NantCapital on October 26, 2026, expected to close on or about Oct. 28, 2026. The deal prices shares plus warrants at $0.5034, well above the current $0.37 quote, and includes warrants struck at $0.3784 with a two-year term plus pre-funded warrants at $0.001 to work around the 19.99% ownership cap. That cash is meaningful for a company whose Q2 10-Q flagged going concern doubt, a Nasdaq delisting notice and cash runway only into Q4 2026 — this buys time and removes the immediate financing overhang. Nant also gets up to two board seats, so this is strategic money, not just a balance-sheet patch, and the proceeds are earmarked for 60 GHz drone communications. The warrant overhang at $0.3784 will cap upside supply if the stock rallies through that level. Watch the Oct. 28 close and any 8-K confirming terms; the real proof of the drone pivot would be design wins or defense contracts, which have not been announced.
At the time of this announcement, PRSO was trading at $0.37 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.7M. The 52-week trading range was $0.36 to $2.16. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.