Netlist estimates FY2024 net sales $145M-$150M; enters $75M equity facility with Lincoln Park

NETLIST INC

Preliminary FY2024 net sales estimated at $145M-$150M (unaudited, subject to change).
Cash, cash equivalents and restricted cash as of Q4 2024 estimated $32M-$35M.
Entered purchase agreement with Lincoln Park Capital Fund for up to $75M common stock sales over 36 months.
Issued 1,123,023 initial commitment shares to Lincoln Park as commitment fee; additional shares possible.
Company controls timing and amount of sales; no upper limit on share price Lincoln Park must pay.

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