Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder
Matters and Issuer Purchases of Equity Securities.
Market Information for Common Stock
Our common stock is currently listed on the Nasdaq Stock Market under the
symbol “PRSO.”
Holders of Record
As of December 31, 2025, there
were 44 holders of record of our common stock and 47 holders of record of our exchangeable shares. The actual number of common stockholders
is significantly greater than this number of record stockholders and includes stockholders who are beneficial owners but whose shares
are held in street name by brokers and other nominees. This number of stockholders of record also does not include stockholders whose
shares may be held in trust by other entities.
Dividend Policy
To date, we have paid no cash dividends on our shares
of common stock and we do not expect to pay cash dividends on our common stock in the foreseeable future. We intend to retain future earnings,
if any, to provide funds for operations of our business. Therefore, any potential return investors may have in our common stock will be
in the form of appreciation, if any, in the market value of their shares of common stock. We are not subject to any legal restrictions
respecting the payment of dividends, except that we may not pay dividends if the payment would render us insolvent. Any future determination
as to the payment of cash dividends on our common stock will be at the discretion of our board of directors.
Securities Authorized for Issuance under Equity Compensation Plan
For information regarding securities authorized for
issuance under equity compensation plans, please refer to Item 12. Security Ownership of Certain Beneficial Owners and Management and
Related Stockholder Matters.
29
Purchases of Equity Securities by the Issuer and
Affiliated Purchasers
We had no share repurchase activity for the three months ended December
31, 2025.
Recent Sale of Unregistered Securities and Use of Proceeds
Except as disclosed below, during the period covered by this Annual
Report on Form 10-K, we have not sold any equity securities that were not registered under the Securities Act that were not previously
reported in a Quarterly Report on Form 10-Q or in a Current Report on Form 8-K.
On December 8, 2025, we issued 50,000 unregistered
shares of common stock with a fair value of approximately $50,000 to a service provider as compensation. The shares were issued in reliance
on an exemption from registration provided by Section 4(a)(2) and/or Rule 506 of Regulation D of the Securities Act because the issuance
did not involve a public offering, the service provider took the securities for investment and not resale, we took appropriate measures
to restrict transfer, and the service provider is a sophisticated investor.
Item 6. [Reserved]