---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-090974"
form_type: "8-K"
ticker: "NLST"
cik: "0001282631"
company_name: "NETLIST INC"
filed_at: "2021-07-12T23:59:59+00:00"
generated_at: "2026-06-30T05:59:54.053993+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Netlist enters $17.4M equity purchase agreement with Lincoln Park Capital

## Summary
- On July 12, 2021, Netlist signed a Purchase Agreement with Lincoln Park Capital for up to $17.4 million in common stock sales over 36 months.
- As initial fee, Netlist issued 80,000 commitment shares at $5.98 per share; up to 120,500 additional shares may be issued on pro rata basis.
- Regular purchases limited to 750,000 shares or $2.5 million per day; accelerated purchases at 97% of VWAP or closing price.
- Netlist has unconditional right to terminate agreement with one business day notice; Lincoln Park prohibits short-selling or hedging.
- Agreement restricts Netlist from entering variable rate transactions for up to 36 months after termination.

## SEC filing metadata
- accession: 0001104659-21-090974
- form_type: 8-K
- ticker: NLST
- cik: 0001282631
- company_name: NETLIST INC
- filed_at: 2021-07-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282631/000110465921090974/0001104659-21-090974-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282631/000110465921090974/tm2121963d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-090974
- JSON: https://secwatch.observer/filing/0001104659-21-090974.json
- Plain text: https://secwatch.observer/filing/0001104659-21-090974.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.