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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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 4, 2026

 

NETLIST, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-33170		95-4812784
(State or other jurisdiction of incorporation)		(Commission  File Number)		(IRS Employer Identification Number)

111 Academy, Suite 100

Irvine, California 92617

(Address of principal executive offices)

(949) 435-0025

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common stock, par value $0.001 per share		NLST		None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

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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FAQ

What did Netlist (NLST) announce in its latest Form 8-K?

Netlist reported a First Amendment to its headquarters lease in Irvine, California. The change extends the lease term to December 31, 2029 and sets new rent terms starting in 2027, with approximately 3% annual increases thereafter.

How long is Netlist’s Irvine headquarters lease now extended?

The headquarters lease is extended through December 31, 2029. This provides Netlist with a defined occupancy period at 111 Academy, Suite 100, Irvine, California, under updated rent terms agreed with University Research Park LLC as landlord.

What rent will Netlist (NLST) pay under the amended lease starting in 2027?

Starting January 1, 2027, Netlist’s annual base rent is stated as $27,396.65 per month. That monthly amount will then increase by approximately 3% each lease year for the remainder of the extended lease term through 2029.

Does Netlist’s amended headquarters lease include a renewal option after 2029?

The amended lease extends the current term to December 31, 2029 with no renewal option. This means Netlist’s right to renew beyond 2029 is not provided in the First Amendment to Lease disclosed in the filing.

Who is Netlist’s landlord under the amended Irvine headquarters lease?

Netlist’s landlord is University Research Park LLC, as stated in the First Amendment to Lease. The company and this landlord agreed to renew the existing lease covering the headquarters premises at 111 Academy, Suite 100, Irvine, California.

Where can investors find the full text of Netlist’s lease amendment?

The complete First Amendment to Lease is filed as Exhibit 10.1. Investors can review this exhibit for full legal terms, including rent details and obligations, as it is incorporated by reference into the company’s Form 8-K disclosure.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EXHIBIT 10.1 46.2 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 2.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 33.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 21.8 KB