secwatch.observer — SEC 8-K summary
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Issuer:     NETLIST INC (NLST)
CIK:        0001282631
Form:       8-K
Filed at:   2021-09-28T23:59:59+00:00
Accession:  0001104659-21-120032
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Netlist enters $75M equity purchase agreement with Lincoln Park Capital Fund
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282631/000110465921120032/0001104659-21-120032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282631/000110465921120032/tm2127825d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-120032

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