Form 8-K - Current report
August 07 2024 - 6:05AM
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2024-08-06
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event
Reported): August 6, 2024
PERASO INC. |
(Exact Name of Registrant as Specified in Charter) |
000-32929
(Commission File Number)
Delaware |
|
77-0291941 |
(State or Other Jurisdiction
of Incorporation) |
|
(I.R.S. Employer
Identification Number) |
2309 Bering Dr.
San Jose, California 95131
(Address of principal executive offices,
with zip code)
(408) 418-7500
(Registrant’s telephone number,
including area code)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Common Stock, par value $0.001 per share |
|
PRSO |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 3.03 Material Modification to Rights of
Security Holders.
On August 6, 2024, Peraso Inc. (the “Company”)
extended the expiration date of its outstanding Series B warrants (CUSIP number 71360T 135) (the “Series B Warrants”) to 5:00
p.m. (New York City time) on October 7, 2024, by entering into an amendment (the “Amendment”) to that certain Warrant Agency
Agreement dated as of February 8, 2024 by and between the Company and the warrant agent, Equiniti Trust Company, LLC.
The Series B warrants to purchase up to an aggregate
of 3,974,520 shares of the Company’s common stock, par value $0.001 per share, were issued on February 8, 2024 as part of an underwritten
public offering. The Series B Warrants have an exercise price of $2.25 per share and would
otherwise have expired at 5:00 p.m. (New York City time) on August 8, 2024.
The Series B Warrants and shares of common stock
issuable upon exercise of the Series B Warrants are registered on the Company’s registration statement on Form S-1, as amended (File
No. 333-276247), previously filed with and declared effective by the Securities and Exchange Commission.
The foregoing summary of the Amendment does not
purport to be complete and is qualified in its entirety by reference to the complete text of the Amendment, which is filed as Exhibit
10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
PERASO INC. |
|
|
|
Date: August 7, 2024 |
By: |
/s/ James Sullivan |
|
|
James Sullivan |
|
|
Chief Financial Officer |
2
Exhibit 10.1
AMENDMENT TO WARRANT AGENCY AGREEMENT
PERASO INC.
AND
EQUINITI TRUST
COMPANY, LLC, AS WARRANT AGENT
This Amendment to the Warrant
Agency Agreement (this “Amendment”) is entered into as of August 6, 2024, by and between Peraso Inc., a Delaware
corporation (the “Company”), and Equiniti Trust Company, LLC (the “Warrant Agent”).
All capitalized terms used herein shall have the meanings set forth in the Warrant Agency Agreement (as defined below), unless otherwise
indicated.
WHEREAS, the Company and the
Warrant Agent are parties to that certain Warrant Agency Agreement, dated as of February 8, 2024 (the “Warrant Agency Agreement”),
relating to, among other things, the issuance of Series B warrants to purchase shares of the Company’s common stock at an exercise
price of $2.25 (the “Series B Warrants”), and
WHEREAS, pursuant to Section
20(a) of the Warrant Agency Agreement, the Company and the Warrant Agent desire to amend the Warrant Agency Agreement to extend the period
for exercising the Series B Warrants from August 8, 2024 to October 7, 2024.
NOW, THEREFORE, in consideration
of the mutual covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, and with the intent to be legally bound, the parties hereto hereby agree as follows:
| 1. | Amendment. The reference to “August 8, 2024” in the preamble to Exhibit 1-C to the
Warrant Agency Agreement (the form of Warrant Certificate for the Series B Warrants) is hereby replaced with a reference to “October
7, 2024”. |
| 2. | No Other Amendments. Unless expressly amended by this Amendment, the terms and provisions of the
Warrant Agency Agreement shall remain in full force and effect. |
| 3. | Conflicting Terms. Wherever the terms and conditions of this Amendment and the terms and conditions
of the Warrant Agency Agreement are in conflict, the terms of this Amendment shall be deemed to supersede the conflicting terms of the
Warrant Agency Agreement. |
| 4. | Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws
of the State of New York without giving effect to the conflicts of law principles thereof. |
| 5. | Counterparts. This Amendment may be executed in one or more counterparts and, if executed in more
than one counterpart, the executed counterparts shall each be deemed to be an original and all such counterparts shall together constitute
one and the same instrument. |
[Signature page follows]
IN WITNESS WHEREOF, the parties hereto have caused
this Amendment to be duly executed as of the date first above written.
|
PERASO INC. |
|
|
|
By: |
/s/ James Sullivan |
|
|
Name: |
James Sullivan |
|
|
Title: |
CFO |
|
|
|
EQUINITI TRUST COMPANY, LLC |
|
|
|
By: |
/s/ Martin J Knapp |
|
|
Name: |
Martin J Knapp |
|
|
Title: |
SVP, Relationship Director |
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