Peraso Announces $10 Million Strategic Investment from NantCapital to Accelerate Development and Commercialization of Advanced Drone Communications
https://www.businesswire.com/news/home/202610...unications
SAN JOSE, Calif.--(BUSINESS WIRE)--Peraso Inc. (NASDAQ: PRSO) (“Peraso” or the “Company”), a leader in mmWave wireless technology, today announced that it has entered into a definitive agreement for a strategic investment of approximately $10 million from NantCapital, LLC (“Nant”) in a private placement, which is expected to close on or about October 28, 2026, subject to the satisfaction of closing conditions.
The Company believes 60 GHz technology offers a differentiated wireless architecture for applications which require low probability of detection and low probability of jamming. The Company believes 60 GHz mmWave provides these capabilities by operating at a frequency above that of known jamming equipment, coupled with the highly directional nature of the mmWave receiver.
“We believe drone communications represents a significant market opportunity for Peraso and an ideal application for our 60 GHz technology,” said Ron Glibbery, CEO of Peraso. “This strategic investment from Nant provides us with additional financial resources to accelerate our development and commercialization efforts. Just as importantly, we believe the investment represents meaningful validation of both our technology and the opportunity we see developing in next-generation drone communications.”
Peraso intends to use the proceeds from the investment for working capital and general corporate purposes, which may include the development of advanced communications solutions for drone applications, including engineering, product development, customer engagements and commercialization initiatives.
The investment is also expected to strengthen Peraso’s ability to pursue opportunities across the broader drone ecosystem, including communications architectures applicable to unmanned aerial systems and related counter-drone applications.
“We believe Peraso’s expertise in 60 GHz communications and beamforming technology has significant potential in drone communications,” said Dr. Patrick Soon-Shiong, Chairman of Nant. “Our evaluation of Peraso hardware supported our decision to invest.”
Strategic Focus on Drone Communications
The proliferation of unmanned systems is creating increasingly sophisticated communications requirements, particularly as drones become more autonomous and are deployed in increasingly complex environments.
Peraso believes its 60 GHz technology provides a compelling platform for this market because of several inherent attributes of mmWave communications, including high bandwidth, highly directional links and electronically steerable beams.
Peraso’s strategy is to leverage its existing semiconductor technology, intellectual property and mmWave expertise to develop communications solutions specifically tailored to these emerging applications.
“We see this as an opportunity to build upon technology and expertise that already exist within Peraso and expand our presence in a market with substantial long-term potential,” Glibbery added. “This investment gives us greater flexibility to accelerate that strategy while continuing to support our existing businesses.”
Private Placement Details
Pursuant to a securities purchase agreement entered into on October 26, 2026, Peraso has agreed to issue and sell to Nant, in a private placement, 3,271,355 shares of Peraso’s common stock and pre-funded warrants to purchase 16,593,563 shares of common stock, together with accompanying warrants to purchase up to 19,864,918 shares of common stock, at a purchase price of $0.5034 per share and accompanying warrant (or $0.5024 per pre-funded warrant and accompanying warrant), for aggregate gross proceeds of approximately $10 million, before deducting offering expenses. Pre-funded warrants will be issued in lieu of shares to the extent the purchase of shares would otherwise result in Nant (together with its affiliates and any person acting as a group with it) beneficially owning more than 19.99% of Peraso’s outstanding common stock immediately prior to the issuance. The warrants will have an exercise price of $0.3784 per share, equal to the Nasdaq Official Closing Price of Peraso’s common stock on October 23, 2026, will be exercisable immediately upon issuance (for shares of common stock or, at the holder’s election, pre-funded warrants) and will expire two years from the date of issuance. The pre-funded warrants shall have an exercise price of $0.001 per share and will be exercisable immediately upon issuance until exercised in full. The warrants and pre-funded warrants may not be exercised to the extent the holder would beneficially own more than 19.99% of Peraso’s outstanding common stock, which limitation the holder may decrease by written notice, and may subsequently increase by written notice to any percentage up to 19.99% upon 61 days’ notice.
Under the purchase agreement, for so long as Nant and its affiliates beneficially own at least 16.7% of Peraso’s outstanding common stock (including shares issuable upon exercise of the pre-funded warrants), Nant will have the right to designate two individuals for appointment to Peraso’s board of directors, one of whom will be Dr. Patrick Soon-Shiong, and for so long as Nant and its affiliates beneficially own less than 16.7% but at least 5%, Nant will have the right to designate one individual, in each case subject to the terms and conditions of the purchase agreement. Peraso has also agreed to file, within 30 calendar days following the closing, a registration statement with the Securities and Exchange Commission (the “SEC”) registering the resale of the shares of common stock issued in the private placement and the shares of common stock issuable upon exercise of the warrants and pre-funded warrants, and to use its best efforts to cause such registration statement to become effective within the time periods specified in the registration rights agreement.
The transaction is expected to close on or about October 28, 2026, subject to the satisfaction or waiver of closing conditions set forth in the purchase agreement. Additional information regarding the private placement will be included in a Current Report on Form 8-K to be filed by Peraso with the SEC.
The securities described above are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506(b) of Regulation D promulgated thereunder, and have not been registered under the Securities Act or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
https://www.businesswire.com/news/home/202610...unications
SAN JOSE, Calif.--(BUSINESS WIRE)--Peraso Inc. (NASDAQ: PRSO) (“Peraso” or the “Company”), a leader in mmWave wireless technology, today announced that it has entered into a definitive agreement for a strategic investment of approximately $10 million from NantCapital, LLC (“Nant”) in a private placement, which is expected to close on or about October 28, 2026, subject to the satisfaction of closing conditions.
The Company believes 60 GHz technology offers a differentiated wireless architecture for applications which require low probability of detection and low probability of jamming. The Company believes 60 GHz mmWave provides these capabilities by operating at a frequency above that of known jamming equipment, coupled with the highly directional nature of the mmWave receiver.
“We believe drone communications represents a significant market opportunity for Peraso and an ideal application for our 60 GHz technology,” said Ron Glibbery, CEO of Peraso. “This strategic investment from Nant provides us with additional financial resources to accelerate our development and commercialization efforts. Just as importantly, we believe the investment represents meaningful validation of both our technology and the opportunity we see developing in next-generation drone communications.”
Peraso intends to use the proceeds from the investment for working capital and general corporate purposes, which may include the development of advanced communications solutions for drone applications, including engineering, product development, customer engagements and commercialization initiatives.
The investment is also expected to strengthen Peraso’s ability to pursue opportunities across the broader drone ecosystem, including communications architectures applicable to unmanned aerial systems and related counter-drone applications.
“We believe Peraso’s expertise in 60 GHz communications and beamforming technology has significant potential in drone communications,” said Dr. Patrick Soon-Shiong, Chairman of Nant. “Our evaluation of Peraso hardware supported our decision to invest.”
Strategic Focus on Drone Communications
The proliferation of unmanned systems is creating increasingly sophisticated communications requirements, particularly as drones become more autonomous and are deployed in increasingly complex environments.
Peraso believes its 60 GHz technology provides a compelling platform for this market because of several inherent attributes of mmWave communications, including high bandwidth, highly directional links and electronically steerable beams.
Peraso’s strategy is to leverage its existing semiconductor technology, intellectual property and mmWave expertise to develop communications solutions specifically tailored to these emerging applications.
“We see this as an opportunity to build upon technology and expertise that already exist within Peraso and expand our presence in a market with substantial long-term potential,” Glibbery added. “This investment gives us greater flexibility to accelerate that strategy while continuing to support our existing businesses.”
Private Placement Details
Pursuant to a securities purchase agreement entered into on October 26, 2026, Peraso has agreed to issue and sell to Nant, in a private placement, 3,271,355 shares of Peraso’s common stock and pre-funded warrants to purchase 16,593,563 shares of common stock, together with accompanying warrants to purchase up to 19,864,918 shares of common stock, at a purchase price of $0.5034 per share and accompanying warrant (or $0.5024 per pre-funded warrant and accompanying warrant), for aggregate gross proceeds of approximately $10 million, before deducting offering expenses. Pre-funded warrants will be issued in lieu of shares to the extent the purchase of shares would otherwise result in Nant (together with its affiliates and any person acting as a group with it) beneficially owning more than 19.99% of Peraso’s outstanding common stock immediately prior to the issuance. The warrants will have an exercise price of $0.3784 per share, equal to the Nasdaq Official Closing Price of Peraso’s common stock on October 23, 2026, will be exercisable immediately upon issuance (for shares of common stock or, at the holder’s election, pre-funded warrants) and will expire two years from the date of issuance. The pre-funded warrants shall have an exercise price of $0.001 per share and will be exercisable immediately upon issuance until exercised in full. The warrants and pre-funded warrants may not be exercised to the extent the holder would beneficially own more than 19.99% of Peraso’s outstanding common stock, which limitation the holder may decrease by written notice, and may subsequently increase by written notice to any percentage up to 19.99% upon 61 days’ notice.
Under the purchase agreement, for so long as Nant and its affiliates beneficially own at least 16.7% of Peraso’s outstanding common stock (including shares issuable upon exercise of the pre-funded warrants), Nant will have the right to designate two individuals for appointment to Peraso’s board of directors, one of whom will be Dr. Patrick Soon-Shiong, and for so long as Nant and its affiliates beneficially own less than 16.7% but at least 5%, Nant will have the right to designate one individual, in each case subject to the terms and conditions of the purchase agreement. Peraso has also agreed to file, within 30 calendar days following the closing, a registration statement with the Securities and Exchange Commission (the “SEC”) registering the resale of the shares of common stock issued in the private placement and the shares of common stock issuable upon exercise of the warrants and pre-funded warrants, and to use its best efforts to cause such registration statement to become effective within the time periods specified in the registration rights agreement.
The transaction is expected to close on or about October 28, 2026, subject to the satisfaction or waiver of closing conditions set forth in the purchase agreement. Additional information regarding the private placement will be included in a Current Report on Form 8-K to be filed by Peraso with the SEC.
The securities described above are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506(b) of Regulation D promulgated thereunder, and have not been registered under the Securities Act or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
