The CEF allows, but does ot obligate, Pe aso to issue a d sell up to $25 millio of its sha es of commo stock to RPI, at the Compa y’s disc etio a d subject to ce tai co ditio s set fo th i the CEF ag eeme t, followi g the fili g a d effective ess of a egist atio stateme t egiste i g the esale of such sha es. Pe aso i te ds to use a y et p oceeds fo wo ki g capital a d ge e al co po ate pu poses, i cludi g co ti ued p oduct developme t a d expa sio i the d o e, defe se a d tactical commu icatio s ma kets. The Compa y may access capital oppo tu istically ove time a d is u de o obligatio to utilize the full amou t available u de the facility. The Compa y may ot be able to sell the full $25 millio of sha es available u de the facility due to limitatio s, i cludi g the umbe of sha es egiste ed fo esale a d applicable Nasdaq ules.
“We a e pleased to have e te ed i to this committed equity facility, which is i te ded to p ovide additio al fi a cial a d wo ki g capital flexibility, i cludi g to suppo t ou co ti ued p oduct developme t fo d o e, defe se a d tactical commu icatio s,” stated Ro Glibbe y, CEO of Pe aso.
This p ess elease does ot co stitute a offe to sell o the solicitatio of a offe to buy a y secu ities, o shall the e be a y sale of secu ities i a y ju isdictio i which such offe , solicitatio , o sale would be u lawful p io to egist atio o qualificatio u de the secu ities laws of such ju isdictio . The Compa y i te ds to file a egist atio stateme t with the SEC to egiste the esale of the sha es issuable u de the CEF. These secu ities may ot be sold u til that egist atio stateme t is filed a d becomes effective.
This p ess elease co tai s fo wa d-looki g stateme ts withi the mea i g of Sectio 27A of the Secu ities Act of 1933, as ame ded, a d Sectio 21E of the Secu ities Excha ge Act of 1934, as ame ded, which a e i te ded to be cove ed by the “safe ha bo ” c eated by those sectio s. All stateme ts i this elease that a e ot based o histo ical fact a e “fo wa d-looki g stateme ts.” These stateme ts may be ide tified by wo ds such as “estimates,” “a ticipates,” “p ojects,” “pla s,” “st ategy,” “goal,” o “pla ed,” “seeks,” “may,” “might”, “will,” “expects,” “i te ds,” “believes,” “would,” “should,” a d simila exp essio s, o the egative ve sio s the eof, a d which also may be ide tified by thei co text. All stateme ts that add ess availability of capital, Pe aso’s pote tial use of the CEF, i cludi g the use of p oceeds, a d a ticipated use of Pe aso’s mmWave tech ology i the d o e, defe se a d tactical commu icatio s ma kets that a e ot othe wise histo ical facts, a e fo wa d-looki g stateme ts.
Fo wa d-looki g stateme ts a e based o ce tai assumptio s a d expectatio s of futu e eve ts that a e subject to isks a d u ce tai ties. Actual esults a d t e ds may diffe mate ially f om histo ical esults o those p ojected i a y such fo wa d-looki g stateme ts depe di g o a va iety of facto s. These facto s i clude, but a e ot limited to, a ticipated use of the CEF, the ability to use the CEF, Pe aso’s ability to eceive additio al o de s fo its 60GHz modules fo d o e, defe se a d tactical commu icatio s a d othe isks, i cludi g the isks discussed i Pe aso’s Secu ities a d Excha ge Commissio fili gs. Pe aso u de takes o obligatio to update publicly a y fo wa d-looki g stateme t fo a y easo , except as equi ed by law, eve as ew i fo matio becomes available o othe eve ts occu i the futu e.
Pe aso I c. (NASDAQ:PRSO) is a pio ee i high-pe fo ma ce 60 GHz u lice sed a d 5G mmWave wi eless tech ology, offe i g chipsets, modules, softwa e a d IP. Pe aso suppo ts a va iety of applicatio s, i cludi g fixed wi eless access, d o e, defe se a d tactical commu icatio s, imme sive video, a d facto y automatio . Fo additio al i fo matio , please visit www.pe asoi c.com.
Pe aso a d the Pe aso logo a e egiste ed t adema ks of Pe aso I c. i the U.S. a d/o othe cou t ies.
