Netlist (NLST) Prices 8M Common Stock Offering at $1.25/Share

September 16, 2016 8:55 AM EDT

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Netlist (NASDAQ: NLST) announced it has priced an underwritten public offering of 8,000,000 shares of its common stock at a price to public of $1.25 per share. Additionally, the Company has granted the underwriters the option to purchase up to an additional 1,200,000 shares of its common stock at the price to public. The offering is expected to close on or about September 21, 2016, subject to satisfaction of closing conditions.

The total gross proceeds of the offering are expected to be approximately $10.0 million. After deducting the underwriter's discount and other estimated offering expenses payable by Netlist, the net proceeds are expected to be approximately $9.0 million. These amounts assume no exercise of the underwriter's option to purchase additional shares.

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



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