Peraso Inc. announced the immediate exercise of certain outstanding Series C warrants to purchase shares of common stock.
The Company expects gross proceeds of approximately $1.1 million from the warrant exercise.
Net proceeds will be used for working capital and general corporate purposes.
Warrants Exercise
952,380 Series C warrants will be exercised at a reduced price of $1.18 per share.
Proceeds Allocation
Expected gross proceeds of $1.1 million will be utilized for working capital and general corporate purposes.
Placement Agent
Ladenburg Thalmann & Co. Inc. is the exclusive placement agent for the offering.
- The agreement for the immediate exercise of warrants will provide Peraso with essential funds for its operations.
- The issuance of new unregistered Series E warrants will allow for future equity investment at $1.25 per share.
The exercise of warrants signifies a strategic financial move for Peraso, strengthening its financial position for future growth and development.