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Netlist, Inc. Announces Pricing Of Public Offering Of Common StockIRVINE, Calif., Aug. 17, 2017 /PRNewswire/ -- Netlist, Inc. ("Netlist" or the "Company") (NASDAQ: NLST), a leading provider of high-performance modular memory subsystems, today announced the pricing of its previously announced underwritten registered public offering of 8,500,000 shares of its common stock at a price to the public of $0.60 per share. In addition, the Company has granted the underwriters a 30-day option to purchase at the public offering price, less the underwriting discount, up to an additional 1,275,000 shares of its common stock to cover over-allotments, if any. All shares of common stock to be sold in the offering will be offered by Netlist. The offering is expected to close on or about August 22, 2017, subject to the satisfaction of customary closing conditions. The total gross proceeds from the offering are expected to be approximately $5.1 million. After deducting the underwriters' discount and other estimated offering expenses payable by Netlist, the net proceeds are expected to be approximately $4.5 million. These amounts assume no exercise of the underwriters' over-allotment option. The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital and other general and administrative purposes. Craig-Hallum Capital Group and Roth Capital Partners are acting as joint book-running managers for the offering. The shares are being offered pursuant to the Company's shelf registration statement on Form S-3 (File No. 333-199446) that was declared effective by the Securities and Exchange Commission ("SEC") on September 2, 2016. The shares may be offered only by means of a prospectus. A preliminary prospectus supplement and accompanying base prospectus related to the offering were filed with the SEC on August 16, 2017. The final prospectus supplement and accompanying base prospectus relating to and describing the final terms of the offering will be filed with the SEC and, when available, may be obtained by visiting the SEC's website located at www.sec.gov and may also be obtained by contacting Craig-Hallum Capital Group LLC, 222 South Ninth Street, Suite 350, Minneapolis, Minnesota 5502, by telephone at (612) 334-6300 or by email at [email protected] or Roth Capital Partners, LLC, 888 San Clemente Drive, Newport Beach, California 92660, by telephone at (800) 678-9147 or by email at [email protected]. Before you invest, you should read the prospectus supplement and accompanying base prospectus in the registration statement and other documents the Company has incorporated by reference therein for more complete information about the Company and the offering. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Netlist Safe Harbor Statement Contacts Brainerd Communicators, Inc.
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