Proposed Public Offering Of Common Stock by NetList

Netlist, Inc., provider of high performance and hybrid memory solutions for the cloud computing and storage markets, announced a proposed underwritten public offering of its common stock, subject to market and other conditions.

In addition, the company intends to grant the underwriter an option to purchase additional shares equal to up to 15% of the aggregate number of shares to be sold in the offering.

Netlist intends to use the net proceeds from the offering, if completed, for general corporate purposes.

Craig-Hallum Capital Group LLC is acting as sole underwriter for the offering.

The shares are being offered pursuant to an effective shelf registration statement on Form S-3 that was previously filed with the SEC. The securities may be offered only by means of a prospectus.

The company also announced that, based on currently available information, estimated revenues for the fourth quarter ended December 27, 2014 are expected to be approximately $2.5 million and that net loss for the fourth  is expected to be between $5.0 million and $6.0 million.