<SEC-DOCUMENT>0001104659-24-086744.txt : 20240912
<SEC-HEADER>0001104659-24-086744.hdr.sgml : 20240912
<ACCEPTANCE-DATETIME>20240807160316
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-24-086744
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20240807

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NETLIST INC
		CENTRAL INDEX KEY:			0001282631
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				954812784
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1228

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		111 ACADEMY, SUITE 100
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92617
		BUSINESS PHONE:		949-435-0025

	MAIL ADDRESS:	
		STREET 1:		111 ACADEMY, SUITE 100
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92617
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 43%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 19%; font-size: 10pt"><IMG SRC="tm2419949d5_correspimg001.jpg" ALT=""></TD>
    <TD STYLE="width: 38%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">3580 Camel Mountain
                           Road</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Suite&nbsp;300</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">San Diego, CA 92130</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">858 314 1500</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">mintz.com</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">August&nbsp;7, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VIA EDGAR</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Office of Manufacturing</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">United States Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">100 F Street, N.E.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Washington, D.C. 20549-3628</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attn:</FONT></TD>
  <TD STYLE="width: 95%"><FONT STYLE="font-size: 10pt">Eranga Dias</FONT></TD></TR>
<TR STYLE="vertical-align: top">
  <TD>&nbsp;</TD>
  <TD>Erin Purnell</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Re:</B></FONT></TD>
  <TD STYLE="width: 95%"><B>Netlist,&nbsp;Inc.</B></TD></TR>
<TR STYLE="vertical-align: top">
  <TD>&nbsp;</TD>
  <TD><B>Registration Statement on Form&nbsp;S-3</B></TD></TR>
<TR STYLE="vertical-align: top">
  <TD>&nbsp;</TD>
  <TD><B>Filed July&nbsp;24, 2024</B></TD></TR>
<TR STYLE="vertical-align: top">
  <TD>&nbsp;</TD>
  <TD><B>File No.&nbsp;333-280985</B></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-left-width: 0in; border-left-color: Black"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-left-width: 0in; border-left-color: Black">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-left-width: 0in; border-left-color: Black">Dear Mr.&nbsp;Dias
and Ms.&nbsp;Purnell:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">On
behalf of Netlist,&nbsp;Inc. (the &ldquo;<B>Company</B>&rdquo;), we are submitting this letter in response to the written comments of
the staff (the &ldquo;<B>Staff</B>&rdquo;) of the Securities and Exchange Commission (the &ldquo;<B>Commission</B>&rdquo;), dated July&nbsp;31,
2024, with respect to the Company&rsquo;s Registration Statement on Form&nbsp;S-3 filed with the Commission on July&nbsp;24, 2024 (the
 &ldquo;<B>S-3</B>&rdquo;) (File No.&nbsp;</FONT>333-280985).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company understands that your review and
comments are intended to assist them in compliance with applicable disclosure requirements and to enhance the overall quality of the
disclosure in their filings. The Company shares these objectives and is responding to your comments with these goals in mind. Set forth
below are the heading and text of each comment, followed by the Company&rsquo;s response.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Registration Statement on Form&nbsp;S-3
filed with the Commission on July&nbsp;24, 2024</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>General</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><B>1.</B></TD><TD STYLE="text-align: justify"><B>Please revise your prospectus to
                                            identify Lincoln Park as a selling stockholder and include disclosure required under Item
                                            507 of Regulation S-K.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">August&nbsp;7, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page&nbsp;2</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Response</U></FONT>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company respectfully acknowledges the Staff&rsquo;s
comment. On August&nbsp;7, 2024, the Company filed a Pre-Effective Amendment No.&nbsp;1 to the S-3, which removed the prospectus supplement
related to the offer and sale of shares of the Company&rsquo;s common stock that the Company may issue and sell to Lincoln Park Capital
Fund, LLC (&ldquo;<B>Lincoln Park</B>&rdquo;) from time to time under a purchase agreement that the Company entered into with Lincoln
Park on September&nbsp;28, 2021 (the &ldquo;<B>Purchase Agreement</B>&rdquo;). At this time, the Company does not presently intend to
use the Purchase Agreement for the remainder of its term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">* * *</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; border-bottom-width: 0in; border-bottom-color: Black; border-left-width: 0in; border-left-color: Black">We
hope that the foregoing has been responsive to the Staff&rsquo;s comments. If you have any additional questions or comments related to
this letter, please feel free to contact me directly at MRLevy@mintz.com or 858-314-1873.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 50%">Very truly yours,</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD STYLE="border-bottom: Black 1pt solid; width: 50%">/s/ Melanie Ruthrauff Levy</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 50%">Melanie Ruthrauff Levy</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">cc:</FONT></TD>
  <TD STYLE="width: 95%"><FONT STYLE="font-size: 10pt">Scott Stanton, Mintz. Levin, Cohn, Ferris, Glovsky and Popeo, P.C.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
  <TD>&nbsp;</TD>
  <TD>Gail Sasaki, Netlist,&nbsp;Inc.</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; border-bottom-width: 0in; border-bottom-color: Black; border-left-width: 0in; border-left-color: Black">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>tm2419949d5_correspimg001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2419949d5_correspimg001.jpg
M_]C_X  02D9)1@ ! 0$ R #(  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" "$ &@# 2(  A$! Q$!_\0
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M]:_Y2*_LT_\ 9E/A?_U=OQ\K^-6@#^_K_B.:/_2+W_S==O\ Z$RI/^(YH?\
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M:O'6N#<B +7Y!T ?W]?\1S1_Z1>_^;KM_P#0F4?\1S1_Z1>_^;KM_P#0F5_
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MO^#'+_D4?^"DW_8Q?LF_^FG]H"BC_@QR_P"11_X*3?\ 8Q?LF_\ II_: HH
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M  @IHQ&02A(!_IC_ /!>_P#X*F^"_A%_P1PF^*7P'\6#4->_X*!^"?#7P_\
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MOVP/V9_CK^S/X^^7PM\;OAAXI^'E[?&V9WT&37=)N$T3Q?I*'8O]M^%/$?\
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M8/\ V+_A?^P!^S/\+?V5O@_;:I-X.^%WAZYT>U\2:\NC_P#"0^+-1UC7]?\
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MB1/#^@F>!0(V_L5"K$!D0 _DU'["/PU_X)R_\%(O^#:S]FOX?S2:M=Z?<_\
M!3WQ-\4/',\ABU/XL?%_Q!^S-X";Q[\3-;DDF+N_B5DABC@9I9/^$+T+PUX/
M>4"T9F_2+_@Z(_Y09?MO_P#=N7_K6_P$KC?^"EG_ "G=_P"#>+_K\_X*6?\
MK/'@6NR_X.B/^4&7[;__ ';E_P"M;_ 2@#]D/V:O^3=?@+_V17X7_P#J#Z%7
M\77_  2Y_P""<VG?\%!O^"'WAV;P-KT_PF_:X_9__:^_:'^*W[(/[0.E7(T_
MQ'\,OBCI?C30M372CX@T29/$B> /%LFBZ)X>\: %B)(?#/C:&-IO"MK _P#:
M+^S5_P FZ_ 7_LBOPO\ _4'T*OP<_P"#5'_E%"O_ &=/^TY_ZFJ4 =+^R!_P
M5 T_]M/]C3]KSX!?M"Z"_P %O^"C7[,/P%^,/@W]JS]G_6;,:;J5O?Z%X0\2
M:"/BCX&B+20ZY\.O%4HCF=H)G?P;/K"1NS^!?$G@?QGXR^@_^#=K_E"U^P-_
MV2SQ+_ZM#Q[7RO\ \%R_^"8VM?$WP9XD_P""@_[%DVD_!W]OCX!?#GQ/<:IX
MBL9=*TNP_:*^"P\%ZOHOCSX/_%.&Y3_A'-8\0KX ?68?!7BSQ&\P6,CP1+<1
MQS^%/%O@7ZI_X-WE$/\ P1;_ &!X>"?^%5^)O;I\4/'W3_/% #?^#B?_ )0J
M_M[_ /9*_#7_ *M'P#7Z$?L1?\F:_LE?]FR_ ?\ ]5AX<K\^/^#BO_E"O^WU
M_P!DL\.?^K2\!5^@_P"Q%_R9K^R5_P!FR_ ?_P!5AX<H ^F+V^L].A,]Y.EO
M".-S<#\-H)[]L5_)W>27G_!PU^W%/IUHHO?^".7_  3_ /B,;F]G&V;PW^W7
M^UAH9*#264JT.N_!CP<DV^1TW)XL\&:Z2)"OQ8BD\'>=?\'2_P#P5,UW]F#P
M1\*_V&?"FK>-/ L/[4]C+KW[0OQ6\&V^F:IXU\)_LZ)K9\.>-/!?PGMKGQ'X
M1$WQ \8Q0ZPTB>)?%/A&R;PB\G@XLZ^,WN?"/S-^S'_P=<_\$G_V/O@=\.?V
M=?@7^QY^U[X9^%OPK\,V/AWPQI%KH_P8.HNOGI/KFMZUK2?&9!XA\2>)?$!U
MGQ1XQ\3O&EUXN\5:V\UQEF:9@#^YJRT^RTVW@MK&"&VM[9/LRV]L $ .!MX
M.X9W$-S@]<8HK\</^"2?_!:SX _\%@!\?_\ A1'PK^,?PY'[.\?PQ'B4_%JW
M\%V!UL?%7_A/_P"PWT0>!_%'BP,L!^&6NBX#N"-T04,K("4 ?M'1110 4444
7 %%%% !1110 4444 %%%% !1110!_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
