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DALLAS, TX – October 26, 2026 – Peraso Inc. (NASDAQ: PRSO) has announced a definitive agreement for a $10 million strategic investment from NantCapital, LLC, associated with billionaire physician, surgeon and biotechnology entrepreneur Dr. Patrick Soon-Shiong, marking a potentially significant turning point for the company’s growth strategy in 60GHz mmWave technology, military drones, defense communications and autonomous systems.

The investment, expected to close on or about October 28, 2026, subject to customary closing conditions, could strengthen Peraso’s financial position while providing additional resources to accelerate engineering, product development, customer engagements and commercialization of advanced wireless communications for unmanned aerial systems (UAS).

Why Dr. Patrick Soon-Shiong’s Investment Matters for PRSO

Dr. Soon-Shiong is widely recognized for his involvement in biotechnology and healthcare innovation, including ImmunityBio (NASDAQ: IBRX) and PDS Biotechnology (NASDAQ: PDSB). His investment through NantCapital brings both financial backing and strategic attention to Peraso’s technology.

Importantly, the agreement provides NantCapital with potential board representation, including Dr. Soon-Shiong himself, subject to ownership thresholds and applicable conditions. This creates the possibility of direct strategic involvement beyond the financial investment.

Commenting on Peraso’s technology, Dr. Soon-Shiong stated:

“We believe Peraso’s expertise in 60 GHz communications and beamforming technology has significant potential in drone communications.”

He added that NantCapital’s evaluation of Peraso hardware supported its investment decision.

For investors, the significance extends beyond the $10 million financing. An investment decision following a technical evaluation by NantCapital provides an additional signal of confidence in Peraso’s technology and its potential commercial applications.

60GHz Technology Targets Military Drones and Counter-Drone Systems

Peraso’s 60GHz mmWave wireless technology is designed to support highly directional, low-latency communications with potential advantages in low probability of detection (LPD), low probability of interception (LPI) and resistance to electronic interference and jamming.

These capabilities are particularly relevant to military drones, autonomous robotics, tactical communications, drone swarms and counter-UAS applications, where reliable connectivity can be critical.

The company intends to use investment proceeds for working capital and general corporate purposes, potentially including development and commercialization initiatives across the drone communications ecosystem.

Recent $2 Million Production Order Adds Commercial Momentum

The NantCapital agreement follows Peraso’s recent announcement of a production order exceeding $2 million for its 60GHz fixed wireless access technology, representing its largest production order in six quarters.

Shipments are expected to begin in the fourth quarter of 2026 and continue through July 2027, providing another potential revenue catalyst as Peraso pursues both commercial broadband and defense-related wireless markets.

The combination of new strategic capital, potential board-level involvement from Dr. Soon-Shiong, expanding military drone opportunities and commercial production orders could materially improve Peraso’s ability to execute its technology roadmap.

Investment Outlook: A Potential Turning Point for PRSO

For investors evaluating Peraso (NASDAQ: PRSO), the NantCapital investment represents more than a conventional financing announcement. It combines a prominent strategic investor, additional development capital and a technology platform targeting applications across defense, autonomous systems and next-generation wireless connectivity.

The financing does include common shares and warrants that could dilute existing shareholders, and the proposed investment remains subject to closing conditions. Nevertheless, successful completion could improve Peraso’s ability to pursue new customers and commercial opportunities.

With Dr. Patrick Soon-Shiong’s NantCapital providing strategic backing, Peraso enters its next development phase with additional financial resources and a potentially stronger foundation for long-term growth.

About Peraso Inc.

Peraso Inc. (NASDAQ: PRSO) develops high-performance 60GHz and 5G mmWave wireless technology, including chipsets, modules, software and intellectual property targeting fixed wireless access, military and tactical communications, UAVs, autonomous systems, robotics and other high-bandwidth applications.

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