Peraso Inc. (PRSO) - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Peraso Inc. on October 6, 2025. The report provides an update on the Company's outstanding securities as of October 3, 2025. Peraso Inc. is incorporated in Delaware and its common stock trades on The Nasdaq Stock Market LLC under the symbol "PRSO".
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on capital structure and securities outstanding.
Material Changes and Securities Outstanding
As of October 3, 2025, the Company reported the following capital structure details:
- Common Stock Outstanding: 7,579,223 shares.
- Preferred Stock: 1 share of Series A special voting preferred stock.
- Shares in Abeyance: 837,380 shares held for a former warrant holder subject to beneficial ownership limitations.
- Exchangeable Shares: 57,085 shares issuable upon exchange.
- Stock Options: 1,333,794 shares issuable with a weighted average exercise price of $3.38.
- Restricted Stock Units (RSUs): 2,809 shares issuable upon vesting.
- Future Issuance Availability: 213,438 shares available under the 2019 Stock Incentive Plan.
The Company also disclosed significant warrant positions with varying exercise prices and dates:
- June 2023 Warrants: 7,143 shares at $28.00; 142,857 placement agent shares at $28.00.
- November 2022 Warrants: 91,875 shares at $40.00.
- February 2024 Warrants: 3,974,520 Series A shares at $2.25; 139,108 underwriter shares at $2.625.
- November 2024 Warrants: 1,293,650 Series C shares at $1.61; 2,246,030 Series D shares at $1.61; 157,223 placement agent shares at $1.625.
- September 2025 Warrants: 952,380 Series E shares at $1.25; 66,667 placement agent shares at $1.475.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items beyond the disclosure of the securities update.
Investor Verification Checklist
- Verify the total potential dilution from the approximately 10.5 million shares issuable upon exercise of outstanding warrants and options.
- Confirm the current market price of PRSO relative to the wide range of warrant exercise prices ($1.25 to $40.00) to assess immediate dilution risk.
- Review the status of the 837,380 shares held in abeyance to understand potential future supply constraints or releases.
- Check the remaining availability of 213,438 shares under the 2019 Stock Incentive Plan for future employee compensation.