---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-062152"
form_type: "8-K"
ticker: "NLST"
cik: "0001282631"
company_name: "NETLIST INC"
filed_at: "2025-06-24T23:59:59+00:00"
generated_at: "2026-05-18T22:03:37.875304+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-062152
- form_type: 8-K
- ticker: NLST
- cik: 0001282631
- company_name: NETLIST INC
- filed_at: 2025-06-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282631/000110465925062152/0001104659-25-062152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282631/000110465925062152/tm2518600d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-062152
- JSON: https://secwatch.observer/filing/0001104659-25-062152.json
- Plain text: https://secwatch.observer/filing/0001104659-25-062152.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.