Netlist (OTCQB: NLST), a pioneer in high performance memory technology, entered into a definitive securities purchase agreement for the purchase and sale of 11,111,112 shares of the company’s common stock and warrants to purchase 11,111,112 shares of common stock in a registered direct offering. According to the announcement, the shares of common stock were sold at a purchase price of $2.70 per share, and the offering closed on Aug. 17, 2023. The warrants have an exercise price of $3.20 per share, are immediately exercisable and will expire five years following the date of issuance. ROTH MKM acted as sole placement agent for the offering.
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About Netlist Inc.
Netlist is a leading innovator in memory and storage solutions, pushing the boundaries of technology to deliver unparalleled performance and reliability. With a rich portfolio of patented technologies, Netlist has consistently driven innovation in the field of cutting-edge enterprise memory and storage, empowering businesses and industries to thrive in the digital age. For more information about the company, visit www.Netlist.com.
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