Peraso (PRSO) Registration filing summary

Company overview and business model

• Fabless semiconductor company specializing in millimeter wavelength (mmWave) wireless technology and antenna modules, with a focus on proprietary semiconductor devices for wireless communications and IP licensing.

• mmWave products operate in the 24 GHz to 71 GHz spectrum, enabling multi-gigabit point-to-point and point-to-multipoint wireless links, fixed wireless access (FWA), military communications, and consumer applications like AR/VR.

• Previously offered high-speed memory ICs for cloud networking and data centers, but initiated end-of-life for these products in 2023.

• Founded in 1991, reincorporated in Delaware in 2000, and began trading on Nasdaq under the symbol PRSO in December 2021.

Financial performance and metrics

• As of June 23, 2026, 15,040,679 shares of common stock were outstanding, with 15,016,707 held by non-affiliates.

• If all 31,750,000 shares offered are issued, they would represent approximately 67.9% of outstanding shares.

• The company has not paid cash dividends and intends to retain earnings for operations.

Use of proceeds and capital allocation

• May receive up to $25,000,000 in gross proceeds from sales of common stock to Roth Principal Investments under the Purchase Agreement.

• Proceeds will be used for working capital and general corporate purposes, with management retaining broad discretion over allocation.

• Pending use, proceeds may be invested in investment-grade, interest-bearing instruments.