secwatch.observer — SEC 8-K summary
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Issuer:     NETLIST INC (NLST)
CIK:        0001282631
Form:       8-K
Filed at:   2021-07-12T23:59:59+00:00
Accession:  0001104659-21-090974
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282631/000110465921090974/0001104659-21-090974-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282631/000110465921090974/tm2121963d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-090974

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