NetList Shares Down 7.8% After It Said It Sold 4 Million Shares (NLST)
Friday, March 19, 2010 - 16:24
Written on Fri, 03/19/2010 - 4:24pm
By Chip Brian

3/19/2010- NetList Inc. (NASDAQ:NLST) shares fell 7.8% to $3.90 after the company said that it sold about 4 million shares at $3.85 per share.
In total, the company raised about $15.4 million from the offering. After commissions and other expenses, the offering will leave the NetList with about $14.12 million in proceeds.
The company also granted the underwriter a 30-day option to buy up to 599,000 additional shares, which could result in as much as $2.2 million in additional proceeds.

Keywords: Netlist

Ticker(s): NLST

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