SCHEDULE: Peraso Inc. Sees Key Investor Ownership Update
Beneficial Ownership Disclosure
Iroquois Capital Management and affiliates disclose significant beneficial ownership in Peraso Inc. common stock, primarily through warrants, subject to a 9.99% ownership blocker.
Summary
- Iroquois Capital Management, LLC, Richard Abbe, and Kimberly Page (the "Reporting Persons") have filed an Amendment No. 3 to their Schedule 13G regarding their beneficial ownership in Peraso Inc.
- Iroquois Capital Management, LLC and Kimberly Page each beneficially own an aggregate of 371,424 shares of Peraso Inc. common stock, representing 6.88% of the class.
- Richard Abbe beneficially owns an aggregate of 1,428,570 shares of Peraso Inc. common stock, representing 9.99% of the class.
- These holdings are primarily in the form of warrants: Iroquois Master Fund holds warrants to purchase 371,424 shares, and Iroquois Capital Investment Group LLC (ICIG) holds warrants to purchase 1,057,146 shares.
- All warrants are subject to a 9.99% blocker, meaning the Reporting Persons cannot exercise them if it would result in beneficial ownership exceeding 9.99% of the outstanding common stock.
- The beneficial ownership percentages are calculated based on 5,027,173 shares of Common Stock issued and outstanding as of May 5, 2025, as disclosed in Peraso Inc.'s Quarterly Report on Form 10-Q filed on May 13, 2025.
Sentiment
Score: 5
Explanation: The filing is a standard regulatory disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or prospects.
Positives
- Increased transparency regarding significant investor holdings in Peraso Inc.
- The presence of a substantial investor group like Iroquois Capital Management may indicate confidence in the company's long-term prospects.
Negatives
- The 9.99% blocker on warrant exercise limits the immediate conversion of potential shares into voting stock, which could affect the investor's influence or ability to increase their stake beyond this threshold.
Risks
- The 'blocker' provision on warrant exercise means that the full potential share count from warrants cannot be realized if it exceeds 9.99% of outstanding shares, potentially limiting the Reporting Persons' ability to increase their stake beyond this threshold.
Future Outlook
NA
Industry Context
This filing is a standard regulatory disclosure of beneficial ownership by an investment group in a publicly traded company. It does not provide specific industry context beyond identifying Peraso Inc. as the issuer.
Stakeholder Impact
- Shareholders: Provides transparency on significant institutional and individual ownership, particularly regarding the structure of warrant holdings and ownership limitations.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | Date as of which 5,027,173 shares of Common Stock were issued and outstanding, as disclosed in Peraso Inc.'s 10-Q. |
| 05/13/2025 | Date Peraso Inc. filed its Quarterly Report on Form 10-Q. |
| 06/30/2025 | Date of event which requires filing of this statement (reporting period end date). |
| 08/12/2025 | Filing date of the Schedule 13G Amendment No. 3. |
Keywords
Peraso Inc., Common Stock, Schedule 13G, Beneficial Ownership, Warrants, Iroquois Capital Management, Richard Abbe, Kimberly Page, SEC Filing, Investment
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