Netlist Announces $10.0 Million Registered Direct Offering
Netlist (OTCQB:NLST) announced a registered direct offering to sell an aggregate of 14,285,716 shares of common stock together with warrants to purchase up to 28,571,432 shares at a combined purchase price of $0.70 per share and accompanying warrants. The warrants are immediately exercisable, have a $0.70 exercise price and expire five years after issuance. The offering is expected to close on or about October 7, 2025, with gross proceeds to the company of approximately $10.0 million before fees and expenses.
The company said net proceeds will be used for general corporate purposes, including working capital. Netlist also agreed to amend June 2025 warrants to reduce their exercise price to the lesser of $0.60 and the lowest VWAP during a specified post-closing window. Roth Capital Partners is the exclusive placement agent. The securities are offered under a Form S-3 shelf declared effective on August 14, 2024.
Netlist (OTCQB:NLST) ha annunciato un'offerta diretta registrata per vendere in totale 14.285.716 azioni ordinarie insieme a warrant per l'acquisto di fino a 28.571.432 azioni a un prezzo di acquisto combinato di 0,70 USD per azione e warrant accompagnatori. I warrant sono immediatamente exercitabili, hanno un prezzo di esercizio di 0,70 USD e scadono cinque anni dopo l'emissione. L'offerta dovrebbe chiudersi intorno al 7 ottobre 2025, con proventi lordi per l'azienda di circa 10,0 milioni USD prima di oneri e spese.
La società ha dichiarato che i proventi netti saranno utilizzati per scopi aziendali generali, inclusa la gestione del capitale circolante. Netlist ha anche accettato di modificare i warrant di giugno 2025 per ridurre il loro prezzo di esercizio al minore tra 0,60 USD e il VWAP più basso durante una finestra post-chiusura specificata. Roth Capital Partners è l'agente di collocamento esclusivo. I titoli sono offerti nell'ambito di un Form S-3 shelf dichiarato efficace il 14 agosto 2024.
Netlist (OTCQB:NLST) anunció una oferta directa registrada para vender un total de 14,285,716 acciones comunes junto con warrants para comprar hasta 28,571,432 acciones, a un precio de compra combinado de 0,70 USD por acción y warrants acompañantes. Los warrants son ejercibles de inmediato, tienen un precio de ejercicio de 0,70 USD y vencen cinco años después de su emisión. Se espera que la oferta cierre aproximadamente el 7 de octubre de 2025, con ingresos brutos para la empresa de aproximadamente 10,0 millones USD antes de comisiones y gastos.
La compañía indicó que los fondos netos se utilizarán para fines corporativos generales, incluido el capital de trabajo. Netlist también acordó modificar los warrants de junio de 2025 para reducir su precio de ejercicio al menor entre 0,60 USD y el VWAP más bajo durante una ventana posterior al cierre especificada. Roth Capital Partners es el agente de colocación exclusivo. Los valores se ofrecen bajo un Form S-3 shelf declarado efectivo el 14 de agosto de 2024.
Netlist (OTCQB:NLST) 는 등록된 직접 공모를 통해 합계 14,285,716주식의 보통주와 함께 최대 28,571,432주식의 매입 권리(워런트)를 제공하며, 주당 총매입가와 워런트를 포함한 가격은 0.70 USD이다. 워런트는 즉시 행사 가능하며 행사 가격은 0.70 USD이고 발행일로부터 5년 후에 만료된다. 이 공모는 2025년 10월 7일경에 마감될 것으로 예상되며 회사의 총수익은 수수료 및 비용 전 약 1000만 USD이다.
회사에 따르면 순수익은 일반 기업 용도, 운전자본 포함에 사용될 예정이다. Netlist는 또한 2025년 6월 워런트를 수정해 행사 가격을 0.60 USD와 지정된 종가 이후 창(window) 내 최저 VWAP 중 낮은 쪽으로 낮추는 데 동의했다. Roth Capital Partners가 독점 배정 대리인이다. 이 증권은 2024년 8월 14일 효과가 발생한 Form S-3 선반 아래에 제공된다.
Netlist (OTCQB:NLST) a annoncé une offre directe enregistrée visant à vendre un total de 14 285 716 actions ordinaires accompagnées de warrants pouvant acheter jusqu'à 28 571 432 actions, à un prix d'achat combiné de 0,70 USD par action et warrants associés. Les warrants sont exerçables immédiatement, ont un prix d'exercice de 0,70 USD et expirent cinq ans après leur émission. L'offre devrait être clôturée vers le 7 octobre 2025 environ, avec des produits bruts pour l'entreprise d'environ 10,0 millions USD avant frais et dépenses.
La société a indiqué que les produits nets seront utilisés pour des besoins généraux d'entreprise, y compris le fonds de roulement. Netlist a également accepté de modifier les warrants de juin 2025 afin de réduire leur prix d'exercice au moindre entre 0,60 USD et le VWAP le plus bas pendant une fenêtre post-clôture spécifiée. Roth Capital Partners est l'agent de placement exclusif. Les valeurs sont offertes en vertu d'un Form S-3 shelf déclaré efficace le 14 août 2024.
Netlist (OTCQB:NLST) kündigte ein registriertes Direktangebot an, um insgesamt 14.285.716 Stammaktien zusammen mit Warrants zum Kauf von bis zu 28.571.432 Aktien zu einem kombinierten Kaufpreis von 0,70 USD pro Aktie und zugehörigen Warrants zu verkaufen. Die Warrants sind sofort ausübbar, haben einen Ausübungspreis von 0,70 USD und laufen fünf Jahre nach der Emission ab. Es wird erwartet, dass die Emission am oder um den 7. Oktober 2025 abgeschlossen wird, mit Bruttoerlösen von ca. 10,0 Mio. USD vor Gebühren und Auslagen.
Das Unternehmen gab an, dass die Nettomittel für allgemeine Unternehmenszwecke, einschließlich Betriebskapital, verwendet werden. Netlist hat zudem zugestimmt, die Warrants vom Juni 2025 so zu ändern, dass ihr Ausübungspreis dem niedrigsten VWAP während eines festgelegten Post-Closing-Fensters entspricht. Roth Capital Partners ist der exklusive Placement-Agent. Die Wertpapiere werden unter einem Form S-3 Shelf angeboten, der am 14. August 2024 wirksam wurde.
Netlist (OTCQB:NLST) أعلنت عن عرض مباشر مسجل لبيع إجمالي 14,285,716 سهماً عادياً مع منح حق الشراء حتى 28,571,432 سهماً إضافياً بسعر شراء مجمع قدره 0.70 USD للسهم مع warrants المصاحبة. warrants قابلة للتفعيل فوراً، لديها سعر ممارسة قدره 0.70 USD وتنتهي صلاحيتها بعد خمس سنوات من الإصدار. من المتوقع أن يغلق العرض في نحو 7 أكتوبر 2025، مع عائدات مجمعة للشركة تبلغ نحو 10.0 ملايين دولار قبل الرسوم والمصاريف.
وقالت الشركة إن العوائد الصافية ستستخدم لأغراض عامة للشركة، بما في ذلك رأس المال العامل. كما وافقت Netlist على تعديل warrants يونيو 2025 لتخفيض سعر ممارستها إلى الأقل بين 0.60 USD وأدنى VWAP خلال نافذة ما بعد الإغلاق المحددة. Roth Capital Partners هو الوكيل الحصري للوَسَط. تُعرض الأوراق المالية بموجب نموذج Form S-3 shelf المعتبر فعالاً في 14 أغسطس 2024.
Netlist (OTCQB:NLST) 宣布了一项注册直接发行,出售共计 14,285,716 股普通股,并附带可购买至多 28,571,432 股的认股权证,合并购买价格为每股 0.70 USD 及随附的认股权证。认股权证可立即行使,行使价为 0.70 USD,自发行之日起五年后到期。该发行预计将于 2025 年 10 月 7 日 左右完成,公司的毛募资额在扣除费用和支出前约为 1000 万美元。
公司表示净募集资金将用于一般企业用途,包括营运资金。Netlist 还同意修改 2025 年 6 月的认股权证,将其行使价降至 0.60 USD 与指定的收盘后窗口内的最低 VWAP 中较低者。Roth Capital Partners 为独家配售代理。该证券按自 2024 年 8 月 14 日 起生效的 Form S-3 shelf 发行。
- Gross proceeds of approximately $10.0 million
- Registered direct sale of 14,285,716 common shares
- Warrants for up to 28,571,432 shares, immediately exercisable, 5-year term
- Shelf registration (Form S-3) declared effective on Aug 14, 2024
- Warrants could allow issuance of 28,571,432 additional shares, creating dilution
- June 2025 warrants exercise price reduced to ≤ $0.60, increasing potential dilution
IRVINE, CA / ACCESS Newswire / October 6, 2025 / Netlist, Inc. (OTCQB:NLST) ("NLST" or the "Company") today announced that it has entered into a definitive agreement for the purchase and sale of an aggregate of 14,285,716 shares of its common stock and warrants to purchase up to 28,571,432 shares of common stock at a combined purchase price of

Roth Capital Partners is acting as the exclusive placement agent for the offering.
The gross proceeds from the offering to the Company are expected to be approximately
In connection with the offering, Netlist also entered into waiver and amendment agreements with the holders of the warrants to purchase common stock previously issued in June 2025 (the "June 2025 Warrants") pursuant to which, in exchange for the revision of certain anti-dilution provisions, Netlist agreed to reduce the exercise price of the June 2025 Warrants to the lesser of
A shelf registration statement on Form S-3 (File No. 333-280985) relating to the securities being offered was originally filed with the U.S. Securities and Exchange Commission (the "SEC") on July 24, 2024, as amended by a Pre-Effective Amendment No. 1 to Form S-3 filed with the SEC on August 7, 2024, and declared effective on August 14, 2024. The offering is being made only by means of a prospectus supplement and accompanying prospectus that form a part of the shelf registration statement. The final prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Electronic copies of the final prospectus supplement and accompanying prospectus relating to the offering, when filed, may be obtained on the SEC's website at www.sec.gov. Electronic copies of the final prospectus supplement and accompanying prospectus relating to the offering, when filed, may be obtained on the SEC's website at www.sec.gov or by contacting Roth Capital Partners, LLC, 888 San Clemente Drive, Newport Beach, CA 92660 or by email at rothecm@roth.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Netlist
Netlist is a leading innovator in advanced memory and storage solutions. With a rich portfolio of patented technologies, Netlist's inventions are foundational to the advancement of AI computing. To learn more about Netlist, please visit www.netlist.com.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this news release include, without limitation, statements about the timing of the closing of the offering and management's intended use of the proceeds from the offering, Netlist's ability to execute on its strategic initiatives, the results of pending litigations and Netlist's ability to successfully defend its intellectual property. Forward-looking statements are statements other than historical facts and often address future events or Netlist's future performance and reflect management's present expectations regarding future events and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by any forward-looking statements. These risks, uncertainties and other factors include, among others: risks that Samsung will appeal the final orders by the trial court for the Samsung litigations, risks that Micron will appeal the final orders by the trial court (appeals in general could cause a lengthy delay in Netlist's ability to collect damage awards, could overturn the verdicts or reduce the damages awards); risks that Netlist will suffer adverse outcomes in its litigation with Samsung, Micron or Google or in its various other active proceedings to defend the validity of its patents; risks related to Netlist's plans for its intellectual property, including its strategies for monetizing, licensing, expanding, and defending its patent portfolio; risks associated with patent infringement litigation initiated by Netlist, or by others against Netlist, as well as the costs and unpredictability of any such litigation; risks associated with Netlist's product sales, including the market and demand for products sold by Netlist and its ability to successfully develop and launch new products that are attractive to the market; the success of product, joint development and licensing partnerships; the competitive landscape of Netlist's industry; and general economic, political and market conditions, including the ongoing conflicts between Russia and Ukraine, and Israel, Iran and Palestine, factory slowdowns and/or shutdowns, and changes in international tariff policies. All forward-looking statements reflect management's present assumptions, expectations and beliefs regarding future events and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by any forward-looking statements. These and other risks and uncertainties are described in Netlist's Annual Report on Form 10-K for the fiscal year ended December 28, 2024 filed with the SEC on March 28, 2025 ("Form 10-K"), and the other filings it makes with the SEC from time to time, including any subsequently filed quarterly and current reports. In particular, you are encouraged to review the Company's Quarterly Reports on Form 10-Q for the quarters ended March 29, 2025 and June 28, 2025 that were filed with the SEC on May 13, 2025 and August 12, 2025, respectively, for any revisions or updates to the information described in Netlist's Form 10-K. In light of these risks, uncertainties and other factors, these forward-looking statements should not be relied on as predictions of future events. These forward-looking statements represent Netlist's assumptions, expectations and beliefs only as of the date they are made, and except as required by law, Netlist undertakes no obligation to revise or update any forward-looking statements for any reason.
For more information, please contact:
Investors/Media
The Plunkett Group
Mike Smargiassi
NLST@theplunkettgroup.com
(212) 739-6729
SOURCE: Netlist, Inc.
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