SCHEDULE 13G/A: Iroquois Capital Management and Affiliates Disclose 9.99% Beneficial Ownership in Peraso Inc. Through Warrants
Beneficial Ownership Disclosure
Iroquois Capital Management, Richard Abbe, and Kimberly Page have filed an amended Schedule 13G, disclosing beneficial ownership of Peraso Inc. common stock, capped at 9.99% due to warrant blockers.
Summary
- Iroquois Capital Management, LLC, Richard Abbe, and Kimberly Page have filed an Amendment No. 2 to Schedule 13G regarding their beneficial ownership in Peraso Inc. Common Stock.
- The filing indicates that Iroquois Capital Management, LLC and Kimberly Page each beneficially own 619,041 shares of Peraso Inc. Common Stock, representing 9.99% of the class.
- Richard Abbe beneficially owns an aggregate of 2,380,951 shares of Peraso Inc. Common Stock, also representing 9.99% of the class.
- The shares reported are primarily issuable upon the exercise of Warrants held by Iroquois Master Fund Ltd. and Iroquois Capital Investment Group LLC (ICIG).
- A key term of these warrants includes a 'blocker' provision, which prevents the Reporting Persons from exercising warrants to the extent that their beneficial ownership would exceed 9.99% of Peraso Inc.'s outstanding common stock.
- The percentage of class (9.99%) is calculated based on 4,189,378 shares of Common Stock issued and outstanding as of December 10, 2024, as disclosed in Peraso Inc.'s Prospectus.
- Richard Abbe has sole voting and dispositive power over 1,761,910 shares and shared power over 619,041 shares, while Iroquois Capital Management, LLC and Kimberly Page have shared voting and dispositive power over 619,041 shares each.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain subjective language or performance metrics that would indicate a positive or negative sentiment.
Risks
- The exercise of warrants by the Reporting Persons is subject to a 9.99% blocker, meaning they cannot beneficially own more than 9.99% of Peraso Inc.'s outstanding common stock, regardless of the total number of shares the warrants would otherwise entitle them to.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of beneficial ownership by an investment firm and its principals, indicating a significant, but capped, stake in Peraso Inc. It does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional and individual ownership stakes in Peraso Inc., which could influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 2024-12-10 | Date Peraso Inc. disclosed 4,189,378 shares of Common Stock issued and outstanding in its Rule 424(b)(5) Prospectus. |
| 2024-12-31 | Date of event which requires filing of this Schedule 13G statement. |
| 2025-02-13 | Filing date of the Schedule 13G Amendment No. 2. |
Keywords
Peraso Inc., Iroquois Capital Management, Richard Abbe, Kimberly Page, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, SEC Filing, Investment Fund
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