The ATM expansion signals acute cash needs following a 74% revenue collapse and widening losses. Expect continued dilution pressure as the company likely draws down the facility aggressively. Monitor for further cash runway updates or a potential reverse stock split to maintain Nasdaq listing.
Price Chart
Executive Summary
Peraso Inc. filed a 424B5 prospectus supplement to increase its at-the-market (ATM) offering capacity by up to $670,000, bringing total potential sales under the existing Sales Agreement to approximately $10.04M. The filing comes just three days after reporting Q1 2026 revenue of $1.0M (down 74% YoY) and a net loss of $2.5M, with only $2.7M cash on hand — signaling urgent capital needs amid severe operational deterioration.
Key Facts
- ATM offering capacity increased by up to $670,000, on top of $9.37M already sold under the same agreement.
- Q1 2026 revenue was $1.0M, down 74% YoY from $3.9M; GAAP net loss widened to $2.5M ($-0.22/share) from $0.5M ($-0.08/share).
- Cash balance of $2.7M against a $12M market cap implies high going-concern risk.
- Stock closed at $0.9793 on May 13, 2026, well below the $1.87 reference price used for public float calculation.
- The offering is structured as an ATM, allowing continuous dilution at the issuer's discretion.
Financial Impact
Up to $670,000 in new equity issuance, representing ~5.6% of the current $12M market cap at the May 13 close of $0.9793.
Risk Factors
- Severe revenue decline and cash burn may force additional dilutive capital raises or a restructuring.
- Stock price already below $1.00 — Nasdaq minimum bid price compliance risk is elevated.
- ATM sales at depressed prices will accelerate dilution for existing shareholders.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001213900-26-056695 |
| Document: 0001213900-26-056695-index-headers.html | 0001213900-26-056695 |
| Document: 0001213900-26-056695-index.html | 0001213900-26-056695 |
| Document: 0001213900-26-056695.txt | 0001213900-26-056695 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $0.3465 | awaiting T+60 | — | $0.4050 (−16.88%) |
Aug 21, 2026 9w ago | 8-K | $0.6700 | awaiting T+60 | — | $0.4050 (−39.55%) |
Jul 29, 2026 12w ago | 8-K | $0.6430 $0.3784 | ▼ −41.15% | ▼ −43.62% | $0.4050 (−37.01%) |
Jul 24, 2026 13w ago | 8-K | $0.6930 $0.3837 | ▲ +44.63% | ▲ +48.34% | $0.4050 (+41.56%) |
Jul 2, 2026 16w ago | 8-K | $0.8151 $0.4947 | ▲ +39.31% | ▲ +42.88% | $0.4050 (+50.31%) |
May 14, 2026 23w ago | 424B5 | $0.9800 $0.7171 | ▲ +26.83% | ▲ +31.34% | $0.4050 (+58.67%) |
May 11, 2026 24w ago | 8-K | $1.04 $0.7150 | ▲ +31.25% | ▲ +35.63% | $0.4050 (+61.06%) |
Apr 14, 2026 27w ago | 8-K | $0.9200 $0.8223 | ▼ −10.62% | ▼ −19.14% | $0.4050 (−55.98%) |
Apr 10, 2026 28w ago | 8-K | $0.9400 $0.8000 | ▲ +14.89% | ▲ +23.82% | $0.4050 (+56.91%) |
Apr 10, 2026 28w ago | 424B5 | $0.9400 $0.8000 | ▲ +14.89% | ▲ +23.82% | $0.4050 (+56.91%) |
US Market Status
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