NETLIST,INC. (NASDAQ:NLST) Files An 8-K Other Events

ME Staff 8-k
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NETLIST,INC. (NASDAQ:NLST) Files An 8-K Other Events
Item 8.01. Other Events.

As previously disclosed, in April 2017, Netlist, Inc. (the “Company”) received a deficiency letter from The NASDAQ Stock Market (“NASDAQ”), notifying the Company that it no longer met NASDAQ’s requirements for continued listing on the NASDAQ Capital Market under NASDAQ Listing Rule 5550(a)(2) (the “Bid Price Rule”) because, for a period of 30 consecutive business days, the bid price of the Company’s common stock had not closed at or above the minimum of $1.00 per share.

On May 2, 2017, the Company received a compliance letter from NASDAQ notifying the Company that, as a result of its common stock attaining a closing bid price of $1.00 or more for the 10 consecutive trading days ended May 1, 2017, it has regained compliance with the Bid Price Rule. As a result, the Company’s common stock continues to trade on the NASDAQ Capital Market under the symbol NLST.


About NETLIST, INC. (NASDAQ:NLST)

Netlist, Inc. designs, manufactures and sells a range of memory subsystems for datacenter, data storage and computing markets. The Company operates in the segment of design and manufacture of memory subsystems for the server, computing and communications markets. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits (DRAM ICs or DRAM), NAND flash memory (NAND flash), application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs). The Company primarily markets and sells its products to original equipment manufacturer (OEM) customers, hyper scale datacenter operators and data storage vendors. The Company’s products include NVvault, HyperCloud, and specialty memory modules and flash-based products. NVvault is a memory subsystem that incorporates both DRAM and NAND flash in a single persistent dual-in line memory module (DIMM) solution.

NETLIST, INC. (NASDAQ:NLST) Recent Trading Information

NETLIST, INC. (NASDAQ:NLST) closed its last trading session up +0.01 at 1.23 with 112,938 shares trading hands.