Netlist to raise $10 million via at-the-market share sales agreement

Sale arranged with Ascendiant Capital; deal funds corporate purposes

By Devika Patel

Knoxville, Tenn., Nov. 22 - Netlist, Inc. negotiated a $10 million at-the-market sales agreement with agent Ascendiant Capital Markets, LLC on Nov. 21, according to an 8-K and prospectus supplement filed Tuesday with the Securities and Exchange Commission. The deal will be conducted on a reasonable-efforts basis.

Proceeds will be used for general corporate purposes.

Irvine, Calif.-based Netlist designs, manufactures and sells memory subsystems primarily for the server, high-performance computing and communications markets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.