Peraso Faces Nasdaq Delisting Notice as Stock Sinks Below $1
PRSO is trading near its 52-week low of $0.677 (1.2% above the low) on light trading volume (0.3× avg).
Summary
Peraso Inc. received a Nasdaq delisting notice after its stock price fell below $1, giving it until January 2027 to regain compliance. The company also set its annual meeting for September 10, 2026.
Key Events · Legal and Risk Events · PRSO
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Nasdaq Delisting Notice Received
On July 21, 2026, Peraso received a Nasdaq notice that its stock closed below $1 for 30 consecutive business days, violating the minimum bid price rule. The company has 180 days, until January 19, 2027, to regain compliance.
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Compliance Path and Delisting Risk
To regain compliance, the stock must close at or above $1 for at least 10 consecutive business days. If not, the company may get a second 180-day period if it meets other listing standards and commits to a reverse stock split. Failure to cure could result in delisting.
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Financial Distress Context
The delisting notice follows a going-concern warning, Q1 2026 revenue of only $1 million, and a stock price near its 52-week low of $0.6772. The company recently secured a $25 million equity facility to fund operations.
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Annual Meeting Set for September 10, 2026
The board set the 2026 annual meeting date for September 10, 2026, with a record date of July 20, 2026. Stockholder proposals and nominations must be submitted by August 3, 2026.
Analysis · PRSO · Manufacturing
A Nasdaq delisting notice landed on July 21, 2026, after Peraso's stock closed below $1 for 30 consecutive business days. The company now has 180 days, until January 19, 2027, to regain compliance by trading at or above $1 for at least 10 consecutive business days. Should it fail, delisting could follow, though a second 180-day period may be available if the company meets other listing standards and commits to a reverse stock split. This development arrives amid severe financial distress: a going-concern warning, minimal revenue, and a stock price near its 52-week low. The notice intensifies pressure to execute a reverse split or find a catalyst to lift the share price. Separately, the annual meeting is set for September 10, 2026, with a record date of July 20, 2026, and a stockholder proposal deadline of August 3, 2026.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 42.5% of the 522 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.49%. 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 $0.69 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $10.3M. The 52-week trading range was $0.68 to $2.37. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.