Underwriter Craig-Hallum Capital helps fund general corporate purposes
By Devika Patel
Knoxville, Tenn., Feb. 6 - Netlist, Inc. said it priced a $9.81 million follow-on public sale of stock with a $1.47 million greenshoe. The deal was announced Wednesday.
The company will sell 7,548,500 common shares at $1.30 per share. The price per share is a 16.13% discount to the Feb. 5 closing share price of $1.55.
Craig-Hallum Capital Group LLC is the underwriter.
Settlement is expected Feb. 11.
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.
Issuer: | Netlist, Inc.
|
Issue: | Common stock
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Amount: | $9,813,050
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Greenshoe: | $1,471,958
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Shares: | 7,548,500
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Price: | $1.30
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Warrants: | No
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Underwriter: | Craig-Hallum Capital Group LLC
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Announcement date: | Feb. 5
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Pricing date: | Feb. 6
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Settlement date: | Feb. 11
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Stock symbol: | Nasdaq: NLST
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Stock price: | $1.55 at close Feb. 5
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Market capitalization: | $50.9 million
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