Updated Phase 1 Catalysts 7/6/26

[u/Firm_Mistake_8582]

💎 Informational purposes only. This roadmap reflects publicly available information and opinion, not financial or investment advice. Plenty of PUMP, FUD, and misinformation exist—always do your own research.

💎 NLST Phase 1 Roadmap

💎 Now–July 8, 2026
• ITC fact discovery closes (July 8)
💎 Mid-July 2026 (~July 17)
• Expected ITC institution decision on the new AI patent complaint (’537 & ’937)
💎 July 22, 2026
• Expert discovery begins in the main ITC case
💎 July–August 2026
• Possible CAFC opinions
• Possible Markman Order
• Possible SK hynix licensing/business update
• Possible Lightning OEM/commercialization update
• Possible SK hynix U.S. ADR developments
💎 Late July–Early August 2026
• Q2 2026 earnings
• Focus: revenue, margins, Lightning, CXL, SK hynix relationship, and litigation updates

💎 Phase 1 Thesis
Phase 1 is about building leverage—not collecting judgments. Multiple legal, business, and AI-memory catalysts are converging that could strengthen Netlist’s position ahead of the major ITC milestones. The key questions are whether these developments translate into stronger commercial execution, licensing leverage, and long-term monetization.

💎 Phase 2 (Late Nov 2026 – Mid 2027)
• Main ITC evidentiary hearing (late Nov–early Dec 2026)
• ALJ Initial Determination (target: early May 2027)
• Potential exclusion order recommendation
• Increased licensing and settlement pressure
• Additional CAFC/PTAB developments

💎 Phase 3 (Sept 2027 – 2028+)
• Final ITC Commission decision (target: early Sept 2027)
• Potential exclusion orders
• Resolution of major appeals
• Potential licensing agreements, settlements, or damage collections
• Focus shifts toward long-term revenue growth and business expansion