other material
confidence high
sentiment neutral
materiality 0.50
Netlist enters $75M equity purchase agreement with Lincoln Park Capital Fund
NETLIST INC
- Company may sell up to $75M of common stock over 36 months at its sole discretion.
- Purchase price based on market price at time of sale; no upper price limit per share.
- Initial 218,750 shares issued as commitment fee; up to 143,750 additional shares as pro rata fees.
- Lincoln Park capped at 9.99% beneficial ownership; company can terminate at any time.
- No cash proceeds from initial shares; proceeds from future sales fund operations.