NetList Inc (NLST)

[FACT-MASTER]

"As the sole director, Chun K. Hong has significant control over all corporate decisions that may not be in the best interest of our other stockholders.


Our President, Chief Executive Officer and the sole member of our board of directors, Chun K. Hong, has the ability to exert substantial control over all matters requiring approval by our stockholders and our board of directors, including the election and removal of directors, any proposed merger, consolidation or sale of all or substantially all of our assets and other significant corporate transactions. This concentration of control could be disadvantageous to other stockholders with interests different from those of Mr. Hong."

https://www.sec.gov/ix?doc=/Archives/edgar/data/1282631/000155837024006807/nlst-20240330x10q.htm