NLST - InvestorNewsBreaks - Netlist Inc. (NLST) Secures $30M in Registered Direct Offering
Netlist (OTCQB: NLST), a pioneer in high performance memory technology, entered into a definitive securities purchase agreement for the purchase and sale of 11,111,112 shares of the company’s common stock and warrants to purchase 11,111,112 shares of common stock in a registered direct offering. According to the announcement, the shares of common stock were sold at a purchase price of $2.70 per share, and the offering closed on Aug. 17, 2023. The warrants have an exercise price of $3.20 per share, are immediately exercisable and will expire five years following the date of issuance. ROTH MKM acted as sole placement agent for the offering.
To view the full press release, visit https://ibn.fm/SbcCl
About Netlist Inc.
Netlist is a leading innovator in memory and storage solutions, pushing the boundaries of technology to deliver unparalleled performance and reliability. With a rich portfolio of patented technologies, Netlist has consistently driven innovation in the field of cutting-edge enterprise memory and storage, empowering businesses and industries to thrive in the digital age. For more information about the company, visit www.Netlist.com.
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