Netlist, Inc. Announces Proposed Public Offering of Common Stock
February 05 2014 - 5:05PM
Marketwired
Netlist, Inc. Announces Proposed Public Offering of Common Stock
IRVINE, CA--(Marketwired - Feb 5, 2014) - Netlist, Inc.
("Netlist" or the "Company") (NASDAQ: NLST), a leading provider of
high performance and hybrid memory solutions for the cloud
computing and storage markets, today announced a proposed
registered firm commitment underwritten public offering of its
common stock, subject to market and other conditions.
Netlist intends to use the net proceeds from the offering, if
completed, for general corporate purposes.
Craig-Hallum Capital Group LLC is acting as sole underwriter for
the offering.
The shares are being offered pursuant to an effective shelf
registration statement on Form S-3 that was previously filed with
the Securities and Exchange Commission (SEC). The securities may be
offered only by means of a prospectus. The prospectus and a
preliminary prospectus supplement related to the offering have been
filed with the SEC and are available on the SEC's website located
at http://www.sec.gov and may also be obtained from Craig-Hallum
Capital Group, 222 South Ninth Street, Suite 350, Minneapolis, MN
55402, telephone 612-334-6342, email:
jack.mccarthy@craig-hallum.com.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, nor may there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Netlist: Netlist, Inc. designs and manufactures
high-performance, logic-based memory subsystems for server and
storage applications for cloud computing. Netlist's flagship
products include HyperCloud®, a patented memory technology that
breaks traditional performance barriers, NVvault™ and
EXPRESSvault™, the pioneering family of hybrid memory products
utilizing both DRAM and NAND Flash that significantly accelerates
system performance and provides mission critical fault tolerance,
and a broad portfolio of industrial flash and specialty memory
subsystems including VLP (very low profile) DIMMs and Planar-X
RDIMMs. Netlist has steadily invested in and grown its IP
portfolio, which now includes 41 issued patents and more than 29 US
and foreign pending patent applications in the areas of high
performance memory and hybrid memory technologies.
Netlist develops technology solutions for customer applications
in which high-speed, high-capacity, small form factor and efficient
heat dissipation are key requirements for system memory. These
customers include OEMs that design and build tower, rack-mounted,
and blade servers, storage hardware, high-performance computing
clusters, engineering workstations and telecommunications
equipment. Founded in 2000, Netlist is headquartered in Irvine, CA
with manufacturing facilities in Suzhou, People's Republic of
China. Learn more at www.netlist.com.
Company Contact: Gail M. Sasaki Chief Financial Officer (949)
435-0025 Brainerd Communicators, Inc. Corey Kinger/Mike Smargiassi
(investors) Sharon Oh (media) NLST@braincomm.com (212) 986-6667
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