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Business Combination (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Outstanding Shares of Common Stock

The following table details the outstanding shares of the common stock that were outstanding immediately following the consummation of the Arrangement:



	Number of shares
MoSys common stock outstanding prior to business combination		8,715,910
Common stock issued to Peraso Tech stockholders		3,055,584
Exchangeable Shares issued to Peraso Tech stockholders		7,982,219
Escrow Shares - common stock		502,567
Escrow Shares - Exchangeable Shares		1,312,878
Total shares issued and outstanding		21,569,158

Summary of Preliminary Allocation of Purchase Price to Net Assets Acquired

The following table summarizes the preliminary provisional allocation of the purchase price to the net assets acquired based on the respective fair value of the acquired assets and assumed liabilities of the accounting acquiree, which is the Company. The Company believes that information gathered to date provides a reasonable basis for estimating the fair value of assets acquired and liabilities assumed. However, the provisional measurements of fair value set forth below are subject to change. The Company expects to complete the purchase price allocation as soon as practical but no later than one year from the acquisition date.

	December 31,
	2021
Assets:	(in thousands)
Cash, cash equivalents and investments	$	19,064
Other current assets		2,558
Other assets		833
Intangibles
Developed technology (provisional)		5,726
Customer relationships (provisional)		2,556
		8,282
Goodwill		9,946
Liabilities:
Current liabilities		3,056
	$	37,627

Summary of Unaudited Pro Forma Results of Operations

This summary of the unaudited pro forma results of operations is not necessarily indicative of what the Company’s results of operations would have been had Peraso Tech been acquired at the beginning of 2020, nor does it purport to represent results of operations for any future periods.

	Year ended December 31,
	2021			2020
Revenue	$	10,670		$	15,885
Net loss		(19,977	)		(16,077	)
add back: acquisition costs		1,628			—
Adjusted net loss	$	(18,349	)	$	(16,077	)