Netlist raises $12M via registered direct offering of common stock and warrants at $0.70/unit

NETLIST INC

Gross proceeds $12M from 17.1M shares and warrants for 34.3M shares at $0.70 combined price.
CEO Chun K. Hong purchases $3M of the offering on same terms as other investors.
Warrants exercisable at $0.70, immediately, 5-year term; 2 warrants per share included.
Net proceeds ~$11.3M after fees; intended for working capital and general corporate purposes.
Offering expected to close June 25; Roth Capital placement agent with 4% fee on non-CEO proceeds.

item 1.01item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.