Proposed Public Offering of Common Stock by Netlist …

Netlist, Inc. intends to offer and sell shares of its common stock in an underwritten registered public offering.

In addition, the company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock sold in the proposed offering to cover over-allotments, if any.

All shares of common stock to be sold in the proposed offering will be offered by Netlist.

The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

The company intends to use the net proceeds from the offering, if completed, for general corporate purposes, including working capital and other general and administrative purposes. The company may also use the net proceeds from the proposed offering for acquisitions of complementary products, technologies or businesses, but the company does not have any current plans, agreements or commitments for any specific acquisitions at this time. 

Craig-Hallum Capital Group LLC and Roth Capital Partners are acting as the joint book-running managers for the proposed offering.