Netlist (NLST) extends Irvine headquarters lease and rent terms to 2029
Rhea-AI Filing Summary
Netlist, Inc. renewed its corporate headquarters lease at 111 Academy, Suite 100, Irvine, California, by entering into a First Amendment to Lease with University Research Park LLC. The amendment extends the lease term through December 31, 2029 with no further renewal option.
Beginning January 1, 2027, the annual base rent will be $27,396.65 per month and will increase by approximately 3% each lease year. The full lease amendment is filed as Exhibit 10.1.
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8-K Event Classification
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
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| Item 1.01. | Entry into a Material Definitive Agreement. |
On March 4, 2026, Netlist, Inc. (the “Company”) entered into a First Amendment to Lease (the “Lease Amendment”) with University Research Park LLC (the “Landlord”), pursuant to which the Company and the Landlord agreed to renew the Company’s existing lease dated April 28, 2021 (the “Lease”), relating to the Company’s corporate headquarter located at 111 Academy, Suite 100, Irvine, CA 92617 (the “Premises”).
The Lease Amendment extends the current term of the Lease to December 31, 2029 with no renewal option. The annual base rent starting on January 1, 2027 will be $27,396.65 per month and increases by approximately 3% each lease year.
The foregoing description of the Lease Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Lease Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit Number |
Description | |
| 10.1 | First Amendment to Lease, dated March 4, 2026, by and between Netlist, Inc. and University Research Park LLC | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NETLIST, INC. | ||
| Date: March 9, 2026 | By: | /s/ Gail M. Sasaki |
| Gail M. Sasaki | ||
| Executive Vice President and Chief Financial Officer | ||
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