secwatch.observer — SEC 8-K summary
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Issuer:     NETLIST INC (NLST)
CIK:        0001282631
Form:       8-K
Filed at:   2025-10-07T23:59:59+00:00
Accession:  0001104659-25-097229
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Netlist announces $10M registered direct offering of 14.3M shares and 28.6M warrants at $0.70/unit
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- Gross proceeds of ~$10.0M from sale of 14,285,716 shares and warrants to purchase up to 28,571,432 shares at $0.70 combined purchase price.
- Net proceeds expected ~$9.1M after placement agent fees; used for working capital and general corporate purposes.
- Offering expected to close on October 7, 2025; Roth Capital Partners is placement agent; 4.0% fee on gross proceeds.
- Company amended June 2025 warrants: exercise price reduced to lesser of $0.60 and lowest VWAP within period around closing.
- Directors and officers entered 90-day lock-up agreements; company restricted from variable rate transactions for 6 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282631/000110465925097229/0001104659-25-097229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282631/000110465925097229/tm2528064d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-097229

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