Peraso Inc. Issues Preliminary Q1 2026 Results and Increases ATM Program Capacity

San Jose, CA – April 10, 2026 – Peraso Inc. (NASDAQ: PRSO) has filed a Form 8-K with the Securities and Exchange Commission (SEC) announcing important updates that are highly relevant for shareholders and potential investors.

Key Points from the Report

• Preliminary Q1 2026 Revenue Estimate:
  • Peraso expects total revenues for the quarter ended March 31, 2026 to be approximately \$0.9 million to \$1.0 million.
  • This figure is based on internal preliminary financial reports and is not final. The company is still finalizing its condensed consolidated financial results for the period, and actual results may differ materially from these estimates.
  • Management warns that the final results are subject to the completion of normal quarter-end accounting close processes, and investors should not place undue reliance on this preliminary estimate.
• At The Market (ATM) Offering Program Expanded:
  • On April 10, 2026, Peraso filed a prospectus supplement to increase the maximum number of shares issuable under its ATM equity offering program with Ladenburg Thalmann & Co. Inc.
  • The new maximum is now up to an aggregate of \$2,125,000 in shares of common stock. This amount is in addition to approximately \$7,245,131 in shares that have already been sold under the ATM program since its inception on August 30, 2024.
  • Shares will be issued and sold pursuant to the company’s existing registration statement on Form S-3 (File No. 333-280798), which was declared effective on July 22, 2024, and related prospectus supplements, including the most recent one filed on April 10, 2026.
• Legal Opinion Filed:
  • The company attached as Exhibit 5.1 the legal opinion from Mitchell Silberberg & Knupp LLP regarding the validity of the shares to be issued under the expanded ATM program.

Shareholder-Relevant and Price-Sensitive Information

• Revenue Guidance and Uncertainty: The preliminary Q1 revenue estimate signals continued low revenue levels, which may raise concerns about the company’s growth trajectory and cash flow status. The final results could be higher or lower, increasing uncertainty and potential volatility in the share price.
• Dilution Risk: The increase in the ATM program means Peraso will be issuing potentially significant quantities of new shares into the market, which could dilute existing shareholders. The company has already sold over \$7.2 million worth of shares and is now authorized to sell an additional \$2.125 million worth.
• Ongoing Capital Raise: The expansion of the ATM offering highlights the company’s ongoing need to raise capital, which may reflect operational cash requirements, funding for growth, or to bolster its balance sheet. Investors should consider the reasons for, and implications of, this continued capital raise.
• Legal Compliance: The filing of a legal opinion with the SEC ensures that the new shares are validly issued, which is a necessary step for the ATM program to proceed smoothly.
• Emerging Growth Company Status: Peraso has indicated it is not an emerging growth company, and thus it is not eligible for certain reduced disclosure and compliance requirements.

Other Notable Facts

• Trading Information: Peraso’s common stock (par value \$0.001) trades on NASDAQ under the symbol PRSO.
• No Tender Offers or Soliciting Materials: The company confirmed that this filing is not related to any tender offers, written communications under Rule 425, or proxy solicitation materials.
• Corporate Legal Counsel: The legal opinion for the new share issuance was provided by Mitchell Silberberg & Knupp LLP.

Investor Takeaways

• The preliminary Q1 2026 revenue remains under \$1 million, indicating the company is still in a challenging growth phase.
• The expanded ATM program could lead to further dilution for existing shareholders, as the company continues to issue and sell new shares to raise capital.
• The company’s ongoing capital needs and relatively low revenues may affect investor sentiment and the stock price, especially if market participants see a risk of continued dilution or liquidity issues.
• Investors should await the final, audited quarterly results for a more complete picture of the company’s financial health.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. The information is based on Peraso Inc.’s public filings as of April 10, 2026. Investors should conduct their own due diligence and consult with a qualified financial advisor before making investment decisions. The company’s actual results may differ materially from preliminary estimates provided above. The presence of an expanded ATM program may increase share dilution risk and impact the market price of PRSO stock.

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