Brief: Netlist Inc Renews Stockholder Rights Agreement

Netlist

17/04/2018 21:38

April 17 (Reuters) - Netlist Inc  NLST.O :
    * NETLIST RENEWS STOCKHOLDER RIGHTS AGREEMENT
    * NETLIST INC - OTHER TERMS OF RENEWED RIGHTS AGREEMENT
REMAIN
UNCHANGED
    * NETLIST INC - TRIGGER SET AT 15%
    * NETLIST INC - BOARD OF DIRECTORS RENEWED RIGHTS AGREEMENT
IN
CONNECTION WITH COMPANY'S ONGOING PATENT INFRINGEMENT
PROCEEDINGS
    * NETLIST INC - BOARD OF DIRECTORS HAS RENEWED STOCKHOLDER
RIGHTS
AGREEMENT  IT ENTERED IN APRIL 2017
    * NETLIST INC - SUBJECT TO ADJUSTMENT AS SET FORTH IN RIGHTS
AGREEMENT, EXERCISE PRICE IS $6.56 PER RIGHT
    * NETLIST INC - STOCKHOLDERS ARE NOT REQUIRED TO TAKE ANY
ACTION
TO RECEIVE DISTRIBUTION OF THEIR RIGHTS
    * NETLIST - RIGHTS AGREEMENT WILL EXPIRE 12 MONTHS AFTER
DATE OF
RENEWAL/ IF EARLIER, UPON FINAL RESOLUTION OF INFRINGEMENT
PROCEEDINGS AGAINST SK HYNIX

Source text for Eikon:  ID:nPn7F8gP4a 
Further company coverage:  NLST.O 

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