Netlist, Inc. completed its public offering of common stock, selling approximately 4.0 million shares at a price of $3.85 per share.
The offering was underwritten by Needham & Company, LLC, and Roth Capital Partners, LLC, both of which exercised their respective over allotment rights and purchased an additional 599,250 shares of common stock.
Netlist, Inc. received approximately $16.3 million in net proceeds after deducting commissions and underwriting fees.
There was strong demand for the Netlist, Inc. common stock offering, as the company originally planned to issue three million shares, but raised the size of the offering due to strong investor demand.
Netlist, Inc. is a semiconductor company that manufactures and sells memory products for use in servers, computer workstations and telecommunications equipment. Products include flash memory chips, Synchronous Dynamic Random Access Memory (SDRAM), and Dynamic Random Access Memory (DRAM).
Netlist, Inc. is headquartered in Irvine, California and owns manufacturing facilities in Suzhou, China.