Street Calls of the Week
SAN JOSE - Peraso Inc. (NASDAQ:PRSO) has regained compliance with Nasdaq Capital Market’s minimum bid price requirement, according to a notification letter the company received from The Nasdaq Stock Market LLC. The company, which InvestingPro data shows has seen a 34% price surge over the past six months and maintains a "Fair" financial health score, currently holds more cash than debt on its balance sheet.
The mmWave wireless technology company’s common stock maintained a closing bid price above the required $1.00 minimum threshold for ten consecutive trading days through September 18, 2025, satisfying Nasdaq Marketplace Rule 5550(a)(2).
With this compliance issue resolved, Nasdaq considers the matter closed, according to the company’s press release statement.
Peraso specializes in 60 GHz unlicensed and 5G mmWave wireless technology, providing chipsets, modules, software and IP for applications including fixed wireless access and immersive video.
The company’s shares trade on the Nasdaq Capital Market under the ticker symbol PRSO.
In other recent news, Peraso Inc. has been active with several notable developments. The company announced it received an initial order worth approximately $0.9 million for its 60GHz wireless modules from a global fixed wireless access equipment supplier. Additionally, Peraso secured $1.1 million through a warrant exercise agreement, involving the exercise of warrants to purchase 952,380 shares of common stock at a reduced price. WeLink Communications has also selected Peraso’s mmWave technology for expanding high-speed broadband in urban areas across the United States, aiming to deliver multi-gigabit connectivity.
Moreover, Peraso received a notice from the Nasdaq Stock Market for non-compliance with the minimum bid price requirement, giving the company until March 4, 2026, to regain compliance. In another significant update, Mobix Labs enhanced its acquisition offer for Peraso by adding a cash component to its previous all-stock proposal. This revised offer is designed to provide Peraso stockholders with value at closing and potential growth opportunities. These developments reflect Peraso’s ongoing efforts and challenges in the market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.