PRSO · Peraso Inc.

Peraso Inc. disclosed a downward revision to its preliminary financial results for the first quarter ended March 31, 2026, reducing expected total revenues from the previously announced $1.2 million on March 16, 2026 conference call to a range of $0.9 million to $1.0 million. This update, based on preliminary internal financial reports, highlights potential challenges in achieving revenue targets during the period, though actual results remain subject to finalization following the standard quarter-end accounting close. Investors should note the cautionary language emphasizing that actual figures may differ materially and advising against undue reliance on these estimates. Concurrently, under Item 8.01, the Company advanced its capital-raising efforts by filing a prospectus supplement on April 10, 2026, expanding the maximum offering under its existing At the Market Offering Agreement with Ladenburg Thalmann & Co. Inc. The adjustment raises the aggregate value of common stock shares issuable to $2,125,000, excluding approximately $7.2 million already sold, signaling ongoing need for liquidity amid lowered revenue outlook. The legal opinion from Mitchell Silberberg & Knupp LLP validates the issuance, providing assurance on share legality. This combination of weaker preliminary results and ATM expansion underscores Peraso's focus on funding operations while navigating revenue shortfalls, with implications for dilution and financial flexibility.