Number of shareholders of Peraso Inc. – NASDAQ:PRSO

Peraso Inc. (NASDAQ:PRSO) said it entered a committed equity facility with Roth Principal Investments (RPI), allowing Peraso to sell up to $25 million of common stock at its discretion after a resale registration statement is filed and effective. Net proceeds would fund working capital and general corporate purposes, including product development for drone, defense, and tactical communications.

Peraso Inc. (NASDAQ:PRSO) said it entered a committed equity facility with Roth Principal Investments, LLC, allowing it to sell up to $25 million of common stock at its discretion after a resale registration statement is filed and effective. Proceeds would support working capital and general corporate purposes, including product development for drone, defense, and tactical communications.

UnitedHealth Group (UNH) said it will commit $4 million via the United Health Foundation to expand the University of Tennessee Health Sciences health hub network from 5 to 13 sites by end-2027, reaching about 200,000 residents. The company reported Q2 revenue of $112B and adjusted EPS of $6.38, raised full-year adjusted EPS guidance to $19.50-$20.

The Wall Street Journal reported Apple is testing memory chips from China’s CXMT across iPhones and MacBooks and has held early talks to supply components for some China-sold devices. Apple is seeking White House approval amid “unsustainable” pricing from SK Hynix, Samsung, Micron and SanDisk. US rules limit customization, but off-the-shelf purchases may be allowed.

A federal jury ordered Medtronic’s Covidien unit to pay $88 million to Larry and Tammy Patterson after finding surgeons were not adequately warned about risks of Covidien’s Symbotex hernia mesh. The Aug. 4 verdict followed a three-week trial in Massachusetts. Jurors awarded $77 million to Larry and $11 million for loss of consortium, with no punitive damages.

The article explains the U.S.-made Patriot mobile air defense system and why interceptor missile supplies are down. It cites Raytheon and Lockheed for system details and notes CSIS estimates about 65% of U.S. interceptors were expended Feb to July, leaving under 850. It says the U.S. approved 5,250 interceptors for Gulf states and awarded Lockheed a contract up to $58.6B.