Nant Capital takes 19.99% of Peraso in $10 million share and warrant deal, with rights to two board seats

Nant Capital, LLC has taken a 19.99% stake in Peraso Inc. (CIK 890394), formerly MoSys, Inc., after buying shares and warrants for about $10 million, according to a Schedule 13D filed with the SEC on 4 November 2026.

The filing reports beneficial ownership of 4,088,683 shares: 3,271,355 shares held directly and 817,328 shares underlying warrants exercisable within 60 days. It gives the event date as 28 October 2026. (Schedule 13D, 4 Nov 2026)

Under a securities purchase agreement dated 26 October 2026, Nant Capital bought 3,271,355 shares, 16,593,563 pre-funded warrants and 19,864,918 common warrants for an aggregate $9,999,999.72, funded from its working capital. The common warrants have an exercise price of $0.3784 and run for two years. (Schedule 13D, Items 3 and 6)

Both classes of warrant carry a 19.99% beneficial ownership limit that cannot be waived. The filing states that Nant Capital disclaims beneficial ownership of a further 35,641,153 shares underlying warrants that the limit blocks. (Schedule 13D, Items 5 and 6)

The purchase agreement gives Nant Capital the right to designate two directors while it holds at least 16.7%, counting pre-funded warrant shares, one of whom is to be Dr Patrick Soon-Shiong, Nant Capital's sole member and the filing's other reporting person, if reasonably available. At 5% or more it may designate one director. (Schedule 13D, Items 4 and 6)

The filing states that the securities were acquired for investment purposes and that Nant Capital may discuss transactions, governance, strategy or capitalisation with the board, management or other holders. Peraso agreed to register the shares for resale, with liquidated damages if it fails to do so. (Schedule 13D, Items 4 and 6)

The filings do not state whom Nant Capital will designate to the second board seat. Loro has made no approach to the company. Figures are as reported in Nant Capital's SEC filings.