Peraso agrees approximately $10 million NantCapital investment for drone communications

Peraso ($PRSO) agreed a private placement with NantCapital expected to raise approximately $10 million before expenses. The package comprises 3.27 million common shares, pre-funded warrants covering 16.59 million shares and accompanying two-year warrants for up to 19.86 million additional shares. Under the purchase agreement, common-share units cost $0.5034 and pre-funded units $0.5024; the accompanying warrants carry a $0.3784 exercise price.

Closing is expected around October 28, subject to conditions. Proceeds would support working capital and corporate purposes, potentially including development of drone communications using Peraso’s 60 GHz technology. Nant could nominate up to two directors, depending on its ownership; no nominees have been appointed. Warrant exercises are subject to a 19.99% beneficial-ownership limit. The financing introduces substantial potential dilution, and the full number of underlying shares has not already been issued.

Sources:

• Issuer release via StockTitan
• Issuer release via StockTitan
• SEC filing