Netlist Announces Closing of Underwritten Public Offering of Common Stock

Netlist, Inc. announced that on September 23, 2016, it completed its previously-announced underwritten public offering of 9,200,000 shares of its common stock at a price to the public of $1.25 per share.

The number of shares Netlist sold in the offering includes the underwriters’ full exercise of their option to purchase 1,200,000 additional shares of common stock. Gross proceeds to Netlist were approximately $11.5 million, before deducting underwriting discounts and commissions and before deducting estimated offering expenses payable by Netlist.  

B. Riley & Co., LLC and Craig-Hallum Capital Group LLC acted as joint bookrunners for the offering and The Benchmark Company acted as the co-manager for the offering.

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2016.09.09 | Press Release