Netlist Announces Proposed Public Offering of Common Stock

Netlist, Inc. announced a proposed $15 million underwritten public offering of its common stock, subject to market and other conditions. 

In addition, the company intends to grant the underwriters 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, to accelerate its patent monetization campaign, to commercialize its HybriDIMM products and for general corporate purposes.

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