Jul. 2 at 9:12 PM
$PRSO Peraso enters up-to-
$25M committed equity facility
Peraso (PRSO) entered a committed equity facility with Roth Principal Investments allowing the company to sell up to
$25M of common stock to RPI at Peraso's discretion, subject to a registration statement becoming effective. Proceeds are intended for working capital and continued product development in drone, defense and tactical communications; the company is not obligated to draw funds and sales may be limited by the number of shares registered and applicable Nasdaq rules.
