Netlist, Inc. Announces Pricing of 7,692,308 Share Follow-on Offering

Netlist, Inc. ("Netlist" or the "Company") NLST, a leading provider of high performance and hybrid memory solutions for the cloud computing and storage markets, today announced it has priced an underwritten public offering of 7,692,308 shares of its common stock at a price to public of $1.30 per share. Additionally, the Company has granted the underwriter the option to purchase up to an additional 1,153,846 shares of its common stock to cover over-allotments, if any, at the price to public. The offering is expected to close on or about February 24, 2015, subject to satisfaction of closing conditions. The total gross proceeds of the offering are expected to be approximately $10.0 million. After deducting the underwriter's discount and other estimated offering expenses payable by Netlist, the net proceeds are expected to be approximately $9.0 million. These amounts assume no exercise of the underwriter's over-allotment option. The Company intends to use the net proceeds of the offering for general corporate purposes. Craig-Hallum Capital Group LLC is acting as sole underwriter of the offering. A registration statement relating to shares of the common stock of Netlist has been declared See full press release