Netlist prices shares in follow-on offering

Netlist, Inc. (NASDAQ: NLST) has priced an underwritten public offering of 8,000,000 shares of its common stock at a price to public of USD1.25 per share, the company said.

The total gross proceeds of the offering are expected to be approximately USD10.0 million. The company said it expects to use the net proceeds to be approximately USD9.0 million.

B. Riley & Co., LLC and Craig-Hallum Capital Group LLC are acting as joint bookrunners for the offering, and The Benchmark Company is acting as the co-manager for the offering.

Netlist, Inc. produces next generation persistent memory solutions that enable businesses to transact quicker, gain insight faster and reduce datacenter cost.