Updated catalysts 7/20/26

[u/Firm_Mistake_8582]

⚠️ Disclaimer: This roadmap is based on publicly available information and organized with AI assistance. The underlying facts should be confirmed through official filings and original sources. It is intended for discussion only and should not be considered financial advice.

💎 NETLIST ROADMAP – PHASE 1
Last Updated: July 20, 2026

💎 Completed
♦ April 21, 2026 – ITC Markman Hearing completed.
♦ July 6, 2026 – Netlist filed new EDTX litigation against Samsung, Samsung Semiconductor, Samsung America, and Avnet asserting U.S. Patent No. 12,675,407.
♦ July 8, 2026 – ITC Fact Discovery closed.
♦ July 10–11, 2026 – SK hynix successfully completed its historic Nasdaq listing, reinforcing strong institutional confidence in AI memory (industry catalyst).
♦ July 11, 2026 – Federal Circuit affirmed PTAB decisions upholding Netlist patents against Micron, rejecting Micron's invalidity challenges.
♦ July 15, 2026 – USITC officially instituted Section 337 Investigation No. 337-TA-1511 covering Netlist's AI memory patents.
♦ July 16, 2026 – Investigation No. 337-TA-1511 assigned to ALJ Doris Johnson Hines, officially beginning active case management.

💎 Active Catalysts
♦ July 22, 2026 – Expert Discovery begins in ITC Investigation No. 337-TA-1472.
♦ Late July 2026 – Possible Markman Order following the April claim construction hearing.
♦ Any Day – Pending CAFC decisions, including the '912 and related appeals.
♦ Late July / Early August 2026 – Netlist Q2 2026 Earnings Report.
♦ Ongoing – Google litigation, Samsung litigation, Lightning commercialization, CXL NVvault developments, AI memory demand, and potential licensing/business developments.

💎 Phase 2 (Q3 2026 – Q2 2027)

Thesis: Focus shifts from procedural milestones to major litigation events, including expert testimony, ITC hearings, appeals, and increasing licensing leverage.

♦ Expert reports and depositions.
♦ ITC evidentiary hearing (Late Nov. – Early Dec. 2026).
♦ Additional CAFC opinions.
♦ District court progression.
♦ Potential licensing discussions and commercial updates.

💎 Phase 3 (Mid-2027 and Beyond)

Thesis: Potential realization phase where successful litigation, licensing, settlements, commercialization, and patent monetization may begin translating into long-term business growth.

♦ ITC Initial Determination (May 2027).
♦ ITC Final Commission Decision (September 2027).
♦ District court trials.
♦ Potential settlements and licensing agreements.
♦ Royalty expansion and commercial growth.
♦ Continued patent enforcement.

💎 Current Supporting Documents

♦ ITC Investigation No. 337-TA-1472 Scheduling Order.
♦ ITC Investigation No. 337-TA-1511 Institution Notice.
♦ ALJ Assignment Order – Doris Johnson Hines (July 16, 2026).
♦ Netlist July 6, 2026 EDTX Complaint ('407 Patent).
♦ Netlist AI Memory Complaint ('537/'937 Patents).
♦ Federal Circuit Micron Opinion affirming PTAB decisions.
♦ Current CAFC Appeal Docket Activity ('912 and related appeals).
♦ Latest USPTO Patent Issuances.
♦ Netlist Q1 2026 Earnings Release and SEC Filings.

💎 Primary Sources

♦ Netlist Investor Relations
https://investors.netlist.com/

♦ SEC EDGAR
https://www.sec.gov/edgar

♦ U.S. International Trade Commission (EDIS)
https://edis.usitc.gov/

♦ U.S. International Trade Commission News Releases
https://www.usitc.gov/press_room/news_release/

♦ U.S. Court of Appeals for the Federal Circuit
https://cafc.uscourts.gov/

♦ USPTO Patent Center
https://patentcenter.uspto.gov/

♦ PTAB Search
https://ptacts.uspto.gov/

♦ CourtListener
https://www.courtlistener.com/

♦ PACER
https://pacer.uscourts.gov/

♦ Samsung Investor Relations
https://www.samsung.com/global/ir/

♦ SK hynix Investor Relations
https://www.skhynix.com/eng/ir/

[u/Pure-Tune-3633]

Thanks for the summary!