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Netlist Closed Underwritten Public Offering Of Common Stock

Net proceeds to be $10.4 million

Netlist, Inc., provider of high performance and hybrid memory solutions for the cloud computing and storage markets, has closed its previously-announced underwritten public offering of 8,846,154 common shares at a price to the public of $1.30 per share.

The number of shares Netlist sold in the offering includes the underwriter’s full exercise of its over-allotment option of 1,153,846 common shares. Netlist estimates net proceeds from the offering to be approximately $10.4 million, after deducting underwriting discounts and commissions and estimated offering expenses. Netlist intends to use the proceeds from the offering for general corporate purposes.

Craig-Hallum Capital Group LLC acted as sole underwriter of the offering.

Read also:
Proposed Public Offering Of Common Stock by NetList
$2.5 million in revenue and $5 million to $6 million net loss expected in 4Q15

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