Friday, March 19, 2010
Netlist Looks To Raise $15M In Stock Sale
Irvine-based Netlist, a publicly held manufacturer of memory subsystems, is looking to raised approximately $14.38M in a public offering of 3,995,000 shares of its common shares, at approximately $3.85 per share. The firm said it will receive net proceeds of approximately $14.12M after undewriting discounts and commissions. The offering was managed by Needham & Company and Roth Capital Partners LLC. Netlist said the additional capital will be used for marketing, research and development, working capital, and other corporate purposes.