Netlist prices $15M registered direct offering; prelim Q3 revenue $38-40M

NETLIST INC

Offering of 13.64M shares + Series A and B warrants at $1.10/share; gross proceeds $15M, net ~$14.2M.
Series A warrants exercisable at $1.30 for 5 years; Series B at $1.10 for 100 days; both immediately exercisable.
Preliminary Q3 net sales estimate of $38M-$40M (unaudited, subject to change).
Proceeds for working capital and general corporate purposes; 100-day lock-up agreements with directors and officers.
Closing expected on or about Oct 14, 2024; Roth Capital serves as exclusive placement agent.

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