ࡱ>  l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1 Courier New1 Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)-**_($* #,##0_);_($* (#,##0);_($* "-"_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* "-"_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* "-"??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* "-"??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)6 0%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0)                + ) , *   Ј ~~ ؈ ~~#؈ ~~"؈ ~~#؈ ~~ ؈ ~~4"܈ ~~8#܈ ~~4#܈ ~~3#܈ ~~7#܈ ~~9#܈ ~~"؈ ~~83ffff̙̙3f3fff3f3f33333f33& Investing in our common stock iProspectus Supplement + Prospectus}8 The Offering1MIncome Statement&VOur Summary Consolidated Financ Balance Sheet&~Adesto Technologies Corporation&=Adesto Technologies Corpora (1)&Adesto Technologies Corpora (2)O5CAPITALIZATION")RPRICE RANGE OF COMMON STOCKdDILUTION&sAdesto Technologies Corpora (3)&Adesto Technologies Corpora (4)&fAdesto Technologies Corpora (5)&Note 3 Preliminary Estimated Ac&Note 4 Preliminary Estimated Pu&N$Note 4 Preliminary Estimate (1)&2Note 5 Pro Forma Adjustments fo&A@Note 5 Pro Forma Adjustment (1)&MNote 5 Pro Forma Adjustment (2)&YNote 5 Pro Forma Adjustment (3)&fNote 5 Pro Forma Adjustment (4)&sNote 5 Pro Forma Adjustment (5)&Note 5 Pro Forma Adjustment (6)&3Note 5 Pro Forma Adjustment (7)&טNote 5 Pro Forma Adjustment (8)&Note 5 Pro Forma Adjustment (9)&dNote 5 Pro Forma Adjustmen (10)&Note 5 Pro Forma Adjustmen (11)&Note 5 Pro Forma Adjustmen (12)&LNote 5 Pro Forma Adjustmen (13)&>Note 6 Pro Forma Adjustments fo&Note 6 Pro Forma Adjustment (1)&7Note 6 Pro Forma Adjustment (2)& Note 7 Pro Forma Net Income Per UNDERWRITING'UNDERWRITING (1)g4PROSPECTUS (1) l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'Prospectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } '} $ }  } $ }        ADESTO TECHNOLOGIES CORP 424B5 07/09/2018jbInvesting in our common stock involves a high degree of risk. See "Risk Factors" beginning on page          Per Share  Total      Public Offering Price~ ~ !Underwriting Discount (1)~ ~ ( Proceeds, Before Expenses, to us~ ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6;/#I _S=PF0*8X> @2 l  ")*  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock i Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 1} $ } } $ "      ADESTO TECHNOLOGIES CORP 424B5 07/09/2018Prospectus Supplement(  About this Prospectus Supplement   S-ii " Forward-Looking Statements   S-iii % Prospectus Supplement Summary   S-1   Risk Factors   S-13  The Echelon Acquisition   S-20 Use of Proceeds S-23Capitalization S-24#Price Range of Common Stock S-26Dividend Policy S-26Dilution S-27.&Unaudited Pro Forma Condensed Combined S-29Financial Information-%Material United States Federal Income S-42-%Tax Consequences for Non-U.S. Holdersof Our Common Stock Underwriting S-47 Legal Matters S-53Experts S-53+#Where You Can Find More Information S-531)Incorporation of Information by Reference S-54$____________________________D l|pd(mnv'yXW ` !1 )Created by Morningstar Document Research.0!(http://documentresearch.morningstar.com/=PF0*8X> @!!  l  7  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 1} $ } } $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018 Prospectus About this Prospectus  ~   Prospectus Summary  ~     Risk Factors  ~  " Forward-Looking Statements  ~  + #Where You Can Find More Information  ~  1)Incorporation of Information by Reference~ Use of Proceeds~ Plan of Distribution~ " Legal Matters~ &Experts~ &$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4{o3F&<=PF0*8X> @ l  ,HL  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement ProspectusIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 1} $ } 6that we may enter into, to fund the cash consideration2*for the Echelon acquisition. Any remaining7/net proceeds will be used for general corporate2*purposes, including increasing our working2*capital, other acquisitions or investments/'in businesses, products or technologies5-that are complementary to our own and capital0(expenditures. If the Echelon acquisitionD lymI,:K8FW  !"#$%&'()*+  2 *is not completed, we intend to use the net!!5!-proceeds for such general corporate purposes."""See "Use of Proceeds."# Risk factors#6#.See "Risk Factors" for a discussion of factors$$0$(that you should read and consider before%%&%investing in our common stock.$&NASDAQ Capital Market symbol& &IOTS'($)____________________________1*)Created by Morningstar Document Research.0+(http://documentresearch.morningstar.com/a'};=PF0*8X> @++**)) l  ??g  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The Offering!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 1} $}  } $}  } $} } $} } $} } $ ?      ADESTO TECHNOLOGIES CORP 424B5 07/09/2018Income Statement         Year Ended  Three Months Ended     December 31,   March 31,   2015  2016  2017  2017  2018    1 )(in thousands, except share and per share  data)-%Consolidated Statements of Operations      Data: Revenue, net~ ~ ~ l ~   ~ Cost of revenue (1)~ ~ ja~  v  ~  Y ~ ~ ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? ? ? ? Gross profit~  ~ M~  N  ~  V ~ 2p ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? ? ? ? Operating expenses (1) :      Research and development~ ~ b~  :  ~  4 ~ F9Sales and marketing~ f~ J~    ~  ( ~ +"General and administrative~ *>~ h~  o  ~  ^! ~ 0(Gain from settlement with former foundry ?~ Z  ?    ?  ?supplier ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? ? ? ? Total operating expenses~ z~ ~    ~  ~ ~   ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? ? ? ?Loss from operations~ Z~ _~    ~   ~ *DBlui9D8%Hf !"#$%&'()*+,-./0123456789:;<=> ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?!Other income (expense):!!!!!!!!! ! ! ! ! !!!"Interest expense, net""~ """~ """~ " >" " ~ " " "~ ""##Other income (expense), net##~ #&##~ #:##~ # # # ~ # J# #~ #*# $? $? $? $? $? $? $? $? $? $ ? $ ? $ ? $ ? $ ? $? $? $?"%Total other (expense), net%%~ %%%~ %N%%~ % 2% % ~ % % %~ %% &? &? &? &? &? &? &? &? &? & ? & ? & ? & ? & ? &? &? &?0'(Loss before provision for (benefit from)''~ '|''~ 'RJ''~ ' ' ' ~ ' ' '~ ''(for income taxes1))Provision for (benefit from) income taxes))~ )))~ )))~ ) ) ) ~ ) n) )~ )V) *? *? *? *? *? *? *? *? *? * ? * ? * ? * ? * ? *? *? *?+Net loss+~ +}+~ +J+~ +"+ ~ + + ~ ++ ,? ,? ,? ,? ,? ,? ,? ,? ,? , ? , ? , ? , ? , ? ,? ,? ,? -? -? -? -? -? -? -? -? -? - ? - ? - ? - ? - ? -? -? -? .? .? .? .? .? .? .? .? .? . ? . ? . ? . ? . ? .? .? .? /Net loss per share (2) :///////// / / / / ///0Basic and diluted00RQ00p= ף00ףp= ӿ0 0  ףp= ǿ0 00 1? 1? 1? 1? 1? 1? 1? 1? 1? 1 ? 1 ? 1 ? 1 ? 1 ? 1? 1? 1? 2? 2? 2? 2? 2? 2? 2? 2? 2? 2 ? 2 ? 2 ? 2 ? 2 ? 2? 2? 2? 3? 3? 3? 3? 3? 3? 3? 3? 3? 3 ? 3 ? 3 ? 3 ? 3 ? 3? 3? 3?.4&Weighted average number of shares used444444444 4 4 4 4 444(5 in computing net loss per share:6Basic and diluted66~ 6斷66~ 6VƘ66~ 6 2n6 6 ~ 6 6 6~ 6`6 7? 7? 7? 7? 7? 7? 7? 7? 7? 7 ? 7 ? 7 ? 7 ? 7 ? 7? 7? 7? 8? 8? 8? 8? 8? 8? 8? 8? 8? 8 ? 8 ? 8 ? 8 ? 8 ? 8? 8? 8? 9? 9? 9? 9? 9? 9? 9? 9? 9? 9 ? 9 ? 9 ? 9 ? 9 ? 9? 9? 9?:;$<____________________________1=)Created by Morningstar Document Research.0>(http://documentresearch.morningstar.com/B`X#@Ud"Eh .Q_3Lou=PF0*8X> @>>==<<000000 00 00++++++ ++ ++            l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } } $} U} $}  } $} } $} U} $} U} $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018/'Our Summary Consolidated Financial Data         Year Ended  Three Months Ended     December 31,   March 31,   2015  2016  2017  2017  2018     (in thousands) Cost of revenue~ N~ F~  ~  V ~ f Research and development~ ~ :~  R  ~   ~ Sales and marketing~ f~  ~     ~   ~ "General and administrative~ ~ ~    ~   ~  ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? ? ? ? Total~ N ~ >4~ 6 ~    ~  ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? ? ? ? ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? ? ? ? ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? ? ? ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/> 0vj^R"-!(?Or<0$=PF0*8X> @              l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } <(} $ }  } $ }  } $ } } $                               ADESTO TECHNOLOGIES CORP 424B5 07/09/2018 Balance Sheet      December 31,                      March 31,          2018 (1)   2016  2017    (in thousands) )!Consolidated Balance Sheets Data:  !Cash and cash equivalents~ 4~ ~   Total assets~ ~ 2~   Current liabilities~  ~ *~  bJ  Total debt~ ~ Z~   "Total stockholders' equity~ ~ ~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/< xl(3uQ-f=PF0*8X> @b           l  0  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 0} $}  } $}  } $} U} $} } $ 0      ADESTO TECHNOLOGIES CORP 424B5 07/09/2018'Adesto Technologies Corporation        Adesto  Echelon   Pro Forma   Pro Forma     Historical   Historical   Adjustments  Combined  1 )(In thousands, except share and per share    amounts)  Revenue, net  $56,112 ~  ~ J ~ _ Cost of revenue~ v~ ~  2  ~    ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? Gross profit~ N~ ~    ~  2  ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ?Operating expenses:      Research and development~ :~ ~    ~   Sales and marketing~ ~ rV~  "  ~  r  "General and administrative~ o~ l~     ~    ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? Total operating expenses~ ~ T~  F  ~    ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ?Loss from operations~ ~ ~    ~  .2 0(Interest and other income (expense), net~ 2~ :  ?  ~  j  ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ?.&Loss before provision for income taxes~ ~ V~    ~   $Income tax expense (benefit)~ ~   ?  ~  &  ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ?Net loss~ "~ Ʒ~  ~  r Dil~rfZ/rAE{G U !"#$%&'()*+,-./ ? ? ? ? ? ? ? ? ? ? ? ? ? ? !? !? !? !? !? !? !? !? !? ! ? ! ? ! ? ! ? ! ? "? "? "? "? "? "? "? "? "? " ? " ? " ? " ? " ?#Net loss per share:######### # # # # $Basic and diluted$$ףp= ӿ$$p= ף$ $$?$ $ ףp= $  %? %? %? %? %? %? %? %? %? % ? % ? % ? % ? % ? &? &? &? &? &? &? &? &? &? & ? & ? & ? & ? & ? '? '? '? '? '? '? '? '? '? ' ? ' ? ' ? ' ? ' ?.(&Weighted average number of shares used((((((((( ( ( ( ( () in computing net loss per share:*Basic and diluted**~ *2n**~ ***~ * ʳ* * ~ * * +,$-____________________________1.)Created by Morningstar Document Research.0/(http://documentresearch.morningstar.com/$@ ,J#dji=PF0*8X> @// .. -- $$$$$$ $$              l  0C  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 0} $} } $}  } $} U} $} } $ 0      ADESTO TECHNOLOGIES CORP 424B5 07/09/2018'Adesto Technologies Corporation        Adesto  Echelon   Pro Forma   Pro Forma     Historical   Historical   Adjustments  Combined  1 )(In thousands, except share and per share    amounts)  Revenue, net  $15,302 ~ vz  $? ~ i Cost of revenue~ ~~ 6~    ~    ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? Gross profit~ 2p~ fD~  z  ~    ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ?Operating expenses:      Research and development~ F9~ .~  z  ~  o Sales and marketing~ +~ z~    ~  A "General and administrative~ ~ ~     ~  U  ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? Total operating expenses~  ~ ^~  *  ~  2  ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ?Loss from operations~ *~ V~  b  ~  ޭ 0(Interest and other income (expense), net~ ~    ?  ~    ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ?.&Loss before provision for income taxes~ ~ ^~  b  ~  گ $Income tax expense (benefit)~ V~   ?  ~  >  ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ?Net loss~ ~ v~ b ~   Dil~rfZ/rAE{G U !"#$%&'()*+,-./ ? ? ? ? ? ? ? ? ? ? ? ? ? ? !? !? !? !? !? !? !? !? !? ! ? ! ? ! ? ! ? ! ? "? "? "? "? "? "? "? "? "? " ? " ? " ? " ? " ?#Net loss per share:######### # # # # $Basic and diluted$$$$333333ӿ$ $$?$ $ ɿ$  %? %? %? %? %? %? %? %? %? % ? % ? % ? % ? % ? &? &? &? &? &? &? &? &? &? & ? & ? & ? & ? & ? '? '? '? '? '? '? '? '? '? ' ? ' ? ' ? ' ? ' ?.(&Weighted average number of shares used((((((((( ( ( ( ( () in computing net loss per share:*Basic and diluted**~ *`**~ *bN**~ *  * * ~ * &7* +,$-____________________________1.)Created by Morningstar Document Research.0/(http://documentresearch.morningstar.com/$@ ,J#dji=PF0*8X> @// .. -- $$$$$$ $$              l  I .3  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 7} $}  } $}  } $} U} $} } $}  } $ I      ADESTO TECHNOLOGIES CORP 424B5 07/09/2018'Adesto Technologies Corporation        Adesto  Echelon  S3 Acquisition   Pro Forma   Pro Forma     Historical   Historical   Adjustment   Adjustments  Combined   (In thousands)     Assets                Current assets:     !Cash and cash equivalents~ ~ Z[~ . ~  : ~ fRestricted investments ?~   ?    ? ~ Short-term investments ?~   ?    ? ~  Accounts receivable, net~ r~ '~      ? ~ b Inventories~  v~ 7  ?  ~  E ~ FPrepaid expenses (1)~  ?  ?  ~  N  ~ R!Deferred cost of revenues ?~ F  ?    ? ~ FOther current assets~ ~ ~     ~   ~  ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? ? ? ?Total current assets~ ~ ^~    ~   ~ #Property and equipment, net~ Bw~ ~      ? ~ RIntangible assets, net~ bj~ r ~    ~   ~  z Other non-current assets~ ~   ?    ? ~ Goodwill~ Z ?~    ~  - ~ F ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? ? ? ? Total assets~ ~ ~ f  ~  &- ~ .  ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? ? ? ?DOl~rfZ Zq 6FZn !"#$%&'()*+,-./0123456789:;<=>? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? !? !? !? !? !? !? !? !? !? ! ? ! ? ! ? ! ? ! ? !? !? !?,"$Liabilities and Stockholders' Equity""""""""" " " " " """#Current liabilities:######### # # # # ###$Accounts payable$~ $z$~ $*($$~ $ $ ~ $ R$ ~ $$-%%Accrued compensation and benefits (2)%%~ %,%% %?%% % ?% % ~ % % %~ %>%6&.Accrued expenses and other current liabilities&&~ &*'&&~ &B#&&~ &  & & ~ & & &~ &S&4',Price adjustments and other revenue reserves''~ 'G'' '?'' ' ?' '  ' ?' '~ 'G'#(Earn-out liability, current(( (?(( (?((~ ( ( (  ( ?( (~ (()Deferred revenues)) )?))~ )F ))~ ) ) ) ~ ) 6) )~ )~ )*Line of credit, current**~ *r** *?** * ?* * ~ * * * *?*+Term loan, current++~ +&++ +?++ + ?+ + ~ + + +~ + + ,? ,? ,? ,? ,? ,? ,? ,? ,? , ? , ? , ? , ? , ? ,? ,? ,?!-Total current liabilities--~ -bJ--~ -X--~ - &- - ~ - - -~ -"-.Term loan, non-current..~ ... .?.. . ?. . ~ . z. .~ ..'/Earn-out liability, non-current// /?// /?//~ / >3/ /  / ?/ /~ />3/)0!Other non-current liabilities (3)00~ 0.00~ 0 00 0 ?0 0 ~ 0 0 0~ 00&1Deferred rent, non-current (3)11~ 1#11 1?11 1 ?1 1 ~ 1 1 1~ 1Z$1/2'Deferred tax liability, non-current (3)22~ 2 22 2?22~ 2 2 2 ~ 2 B2 2~ 2`2 3? 3? 3? 3? 3? 3? 3? 3? 3? 3 ? 3 ? 3 ? 3 ? 3 ? 3? 3? 3?4Total liabilities44~ 4~ 44~ 4Nb44~ 4 Z4 4 ~ 4 j4 4~ 44 5? 5? 5? 5? 5? 5? 5? 5? 5? 5 ? 5 ? 5 ? 5 ? 5 ? 5? 5? 5?)6!Commitments and contingencies (4)666666666 6 6 6 6 6667Stockholders' equity:777777777 7 7 7 7 7778 Common stock88~ 8 88~ 888 8 ?8 8 ~ 8 B8 8~ 88"9Additional paid-in capital99~ 9*99~ 999~ 9 !9 9 ~ 9 19 9~ 9Vq 9:Treasury stock:: :?::~ :zH:: : ?: : ~ : : : :?:,;$Accumulated other comprehensive loss;;~ ;";;~ ;;; ; ?; ; ~ ; F; ;~ ;";<Accumulated deficit<<~ <<<~ <=<< < ?< < ~ < < <~ <&< =? =? =? =? =? =? =? =? =? = ? = ? = ? = ? = ? =? =? =?">Total stockholders' equity>>~ >>>~ >Na>>~ > !> > ~ > > >~ >"> ?? ?? ?? ?? ?? ?? ?? ?? ?? ? ? ? ? ? ? ? ? ? ? ?? ?? ??Dl#FVv CTjx%DTsz@ABCDEFGH2@*Total liabilities and stockholders' equity@~ @@~ @@~ @f @ ~ @ &-@ ~ @. @ A? A? A? A? A? A? A? A? A? A ? A ? A ? A ? A ? A? A? A? B? B? B? B? B? B? B? B? B? B ? B ? B ? B ? B ? B? B? B? C? C? C? C? C? C? C? C? C? C ? C ? C ? C ? C ? C? C? C?DE$F____________________________1G)Created by Morningstar Document Research.0H(http://documentresearch.morningstar.com/<_e=PF0*8X> @ !HHGGFF@@@@@@ @@ @@$$$$$$ $$              l  /=I*Q  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)PRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } U5} $}  } $} I}  $ /                                  ADESTO TECHNOLOGIES CORP 424B5 07/09/2018CAPITALIZATION     As of March 31, 2018     Actual   As Adjusted   Pro Forma           as Adjusted  2 *(unaudited, in thousands, except per share amounts)!Cash and cash equivalents$29,546~ 6~   ? ? ? ? ? ? ? ? ?  ?  ? ? ? ? ? ? ? ? ? ?  ?  ? ? ? ? ? ? ? ? ? ?  ?  ? Debt:  Line of credit, current~ r $?~  Term loan, current~ &~    Term loan, non-current~ ~    ? ? ? ? ? ? ? ? ?  ?  ? Total debt~ ~ !   ? ? ? ? ? ? ? ? ?  ?  ?Stockholders' equity:  4,Common stock, $0.0001 par value, 100,000,000~  ~    ,$shares authorized, 21,409,292 shares-%issued and outstanding actual; shares.&issued and outstanding as adjusted andpro forma as adjustedD lwkL ~fO"hS ! " # $ % & ' ( ) * + , - . " Additional paid-in capital  ~ *  ~ *    ,!$Accumulated other comprehensive loss!!~ !"!!~ !"!!! ! "Accumulated deficit""~ """~ """" "  #? #? #? #? #? #? #? #? #? # ? # ?"$Total stockholders' equity$$~ $$$~ $$$$ $  %? %? %? %? %? %? %? %? %? % ? % ?&Total capitalization&~ &6&~ &&~ &&  '? '? '? '? '? '? '? '? '? ' ? ' ? (? (? (? (? (? (? (? (? (? ( ? ( ? )? )? )? )? )? )? )? )? )? ) ? ) ?*+$,____________________________1-)Created by Morningstar Document Research.0.(http://documentresearch.morningstar.com/"^WN0$=PF0*8X> @.. -- ,, &&&&&&          l  c  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATION DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } $4} $ }  } $ }  } $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018#PRICE RANGE OF COMMON STOCK   High  Low  , $Fiscal Year ending December 31, 2016        First Fiscal Quarter  \(\@  q= ףp@  Second Fiscal Quarter    ףp= @   )\(@ Third Fiscal Quarter{Gz@)\(@Fourth Fiscal QuarterQ@?,$Fiscal Year ending December 31, 2017First Fiscal Quarter@ffffff?Second Fiscal Quarterffffff@@Third Fiscal QuarterL @@Fourth Fiscal Quarter!@@,$Fiscal Year ending December 31, 2018First Fiscal Quarter@333333@Second Fiscal Quarter#@@3+Third Fiscal Quarter (through July 6, 2018)!@ @$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@> Dvj^65IHCZ=PF0*8X> @Z      l  s  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } I;} $}        ADESTO TECHNOLOGIES CORP 424B5 07/09/2018DILUTION' Public offering price per share    ~ 9 1Net tangible book value per share of as March 31,  333333?  ~ / 'Increase in net tangible book value per     2 *share attributable to investors purchasing)!our common stock in this offering ? ? ? ? ? ?/'As adjusted net tangible book value per!share after this offering ? ? ? ? ? ?2*Dilution per share to investors purchasing~ )!our common stock in this offering ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>;0}q)M?m=Nr=PF0*8X> @"  l  J  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 7} $}  } $}  } $} U} $} } } $}  } $ J      ADESTO TECHNOLOGIES CORP 424B5 07/09/2018'Adesto Technologies Corporation        Adesto  Echelon  S3 Acquisition   Pro Forma   Pro Forma     Historical   Historical   Adjustments   Adjustments  Combined         (Note 8)  (Note 5)   (In thousands)    Assets     Current assets:     !Cash and cash equivalents~ ~ Z[~ . ~  :  a,f~ fRestricted investments ?~   ?    ? ~ Short-term investments ?~   ?    ? ~  Accounts receivable, net~ r~ '~      ? ~ b Inventories~  v~ 7  ?  ~  E  b~ FPrepaid expenses (1)~  ?  ?  ~  N   g~ R!Deferred cost of revenues ?~ F  ?    ? ~ FOther current assets~ ~ ~     ~    g~  ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? ? ? ?Total current assets~ ~ ^~    ~   ~ #Property and equipment, net~ Bw~ ~      ? ~ RIntangible assets, net~ bj~ r ~    ~    c~  z Other non-current assets~ ~   ?    ? ~ Goodwill~ Z ?~    ~  -  d~ F ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? ? ? ? Total assets~ ~ ~ f  ~  &- ~ . Dl~rfZI%Sx"9Mb !"#$%&'()*+,-./0123456789:;<=>? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? !? !? !? !? !? !? !? !? !? ! ? ! ? ! ? ! ? ! ? !? !? !? "? "? "? "? "? "? "? "? "? " ? " ? " ? " ? " ? "? "? "?,#$Liabilities and Stockholders' Equity######### # # # # ###$Current liabilities:$$$$$$$$$ $ $ $ $ $$$%Accounts payable%~ %z%~ %*(%%~ % % ~ % R % h~ %%-&%Accrued compensation and benefits (2)&&~ &,&& &?&& & ?& & ~ &  & i&~ &>&6'.Accrued expenses and other current liabilities''~ '*'''~ 'B#''~ '  ' ' ~ '  ' h,i'~ 'S'4(,Price adjustments and other revenue reserves((~ (G(( (?(( ( ?( (  ( ?( (~ (G(#)Earn-out liability, current)) )?)) )?))~ ) ) )  ) ?) )~ ))*Deferred revenues** *?**~ *F **~ * * * ~ * 6 * e*~ *~ *+Line of credit, current++~ +r++ +?++ + ?+ + ~ + + + +?+,Term loan, current,,~ ,&,, ,?,, , ?, , ~ ,  , l,~ , , -? -? -? -? -? -? -? -? -? - ? - ? - ? - ? - ? -? -? -?!.Total current liabilities..~ .bJ..~ .X..~ . &. . ~ . . .~ ."./Term loan, non-current//~ /// /?// / ?/ / ~ / z / l/~ //'0Earn-out liability, non-current00 0?00 0?00~ 0 >30 0  0 ?0 0~ 0>30)1!Other non-current liabilities (3)11~ 1.11~ 1 11 1 ?1 1 ~ 1  1 j,k1~ 11&2Deferred rent, non-current (3)22~ 2#22 2?22 2 ?2 2 ~ 2  2 j2~ 2Z$2/3'Deferred tax liability, non-current (3)33~ 3 33 3?33~ 3 3 3 ~ 3 B 3 e,k3~ 3`3 4? 4? 4? 4? 4? 4? 4? 4? 4? 4 ? 4 ? 4 ? 4 ? 4 ? 4? 4? 4?5Total liabilities55~ 5~ 55~ 5Nb55~ 5 Z5 5 ~ 5 j5 5~ 55 6? 6? 6? 6? 6? 6? 6? 6? 6? 6 ? 6 ? 6 ? 6 ? 6 ? 6? 6? 6?27*Commitments and contingencies (See Note 8)777777777 7 7 7 7 7778Stockholders' equity:888888888 8 8 8 8 8889 Common stock99~ 9 99~ 999 9 ?9 9 ~ 9 B9 9~ 99":Additional paid-in capital::~ :*::~ :::~ : !: : ~ : 1: :~ :Vq :;Treasury stock;; ;?;;~ ;zH;; ; ?; ; ~ ; ; ; ;?;,<$Accumulated other comprehensive loss<<~ <"<<~ <<< < ?< < ~ < F< <~ <"<=Accumulated deficit==~ ===~ ==== = ?= = ~ = = =~ =&= >? >? >? >? >? >? >? >? >? > ? > ? > ? > ? > ? >? >? >?"?Total stockholders' equity??~ ???~ ?Na??~ ? !? ? ~ ? ? ?~ ?"?Dl#Fiy #<_p0O_~@ABCDEFGHI @? @? @? @? @? @? @? @? @? @ ? @ ? @ ? @ ? @ ? @? @? @?2A*Total liabilities and stockholders' equityA~ AA~ AA~ Af A ~ A &-A ~ A. A B? B? B? B? B? B? B? B? B? B ? B ? B ? B ? B ? B? B? B? C? C? C? C? C? C? C? C? C? C ? C ? C ? C ? C ? C? C? C? D? D? D? D? D? D? D? D? D? D ? D ? D ? D ? D ? D? D? D?EF$G____________________________1H)Created by Morningstar Document Research.0I(http://documentresearch.morningstar.com/#_=PF0*8X> @#IIHHGGAAAAAA AA AA%%%%%% %%               l  1+  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 0} $}  } $}  } $} U} } $} } $ 1      ADESTO TECHNOLOGIES CORP 424B5 07/09/2018'Adesto Technologies Corporation        Adesto  Echelon   Pro Forma   Pro Forma     Historical   Historical   Adjustments  Combined         (Note 6)  1 )(In thousands, except share and per share    amounts) Revenue, net$56,112~ ~ J  d~  _ Cost of revenue~ v~ ~  2  a,d ~    ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? Gross profit~ N~ ~    ~  2  ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ?Operating expenses:      Research and development~ :~ ~    b ~   Sales and marketing~ ~ rV~  "  c ~  r  "General and administrative~ o~ l~     e ~    ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? Total operating expenses~ ~ T~  F  ~    ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ?Loss from operations~ ~ ~    ~  .2 0(Interest and other income (expense), net~ 2~ :  ?  ~  j  ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ?.&Loss before provision for income taxes~ ~ V~    ~   $Income tax expense (benefit)~ ~   ?  ~  &  ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ?D\l~rfZ;XJ1{ !"#$%&'()*+,-./0 Net loss ~ " ~ Ʒ ~  ~ r  !? !? !? !? !? !? !? !? !? ! ? ! ? ! ? ! ? ! ? "? "? "? "? "? "? "? "? "? " ? " ? " ? " ? " ? #? #? #? #? #? #? #? #? #? # ? # ? # ? # ? # ?$Net loss per share:$$$$$$$$$ $ $ $ $ %Basic and diluted%%ףp= ӿ%%p= ף% %$?% % ףp= %  &? &? &? &? &? &? &? &? &? & ? & ? & ? & ? & ? '? '? '? '? '? '? '? '? '? ' ? ' ? ' ? ' ? ' ? (? (? (? (? (? (? (? (? (? ( ? ( ? ( ? ( ? ( ?.)&Weighted average number of shares used))))))))) ) ) ) ) (* in computing net loss per share:+Basic and diluted++~ +2n++~ +++~ + ʳ + f+ ~ + + ,-$.____________________________1/)Created by Morningstar Document Research.00(http://documentresearch.morningstar.com/& @x VH =PF0*8X> @00 // .. %%%%%% %%               l  1\  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 0} $} } $}  } $} U} $} } $ 1      ADESTO TECHNOLOGIES CORP 424B5 07/09/2018'Adesto Technologies Corporation        Adesto  Echelon   Pro Forma   Pro Forma     Historical   Historical   Adjustments  Combined         (Note 6)  1 )(In thousands, except share and per share    amounts) Revenue, net$15,302~ vz $? ~  i Cost of revenue~ ~~ 6~    a ~    ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? Gross profit~ 2p~ fD~  z  ~    ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ?Operating expenses:      Research and development~ F9~ .~  z  b ~  o Sales and marketing~ +~ z~    c ~  A "General and administrative~ ~ ~     e ~  U  ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ? Total operating expenses~  ~ ^~  *  ~  2  ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ?Loss from operations~ *~ V~  b  ~  ޭ 0(Interest and other income (expense), net~ ~    ?  ~    ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ?.&Loss before provision for income taxes~ ~ ^~  b  ~  گ $Income tax expense (benefit)~ V~   ?  ~  >  ? ? ? ? ? ? ? ? ?  ?  ?  ?  ?  ?DYl~rfZ>[M 4~ !"#$%&'()*+,-./0 Net loss ~  ~ v ~ b ~   !? !? !? !? !? !? !? !? !? ! ? ! ? ! ? ! ? ! ? "? "? "? "? "? "? "? "? "? " ? " ? " ? " ? " ? #? #? #? #? #? #? #? #? #? # ? # ? # ? # ? # ?$Net loss per share:$$$$$$$$$ $ $ $ $ %Basic and diluted%%%%333333ӿ% %$?% % ɿ%  &? &? &? &? &? &? &? &? &? & ? & ? & ? & ? & ? '? '? '? '? '? '? '? '? '? ' ? ' ? ' ? ' ? ' ? (? (? (? (? (? (? (? (? (? ( ? ( ? ( ? ( ? ( ?.)&Weighted average number of shares used))))))))) ) ) ) ) (* in computing net loss per share:+Basic and diluted++~ +`++~ +bN++~ +   + f+ ~ + &7+ ,-$.____________________________1/)Created by Morningstar Document Research.00(http://documentresearch.morningstar.com/& @x VH =PF0*8X> @00 // .. %%%%%% %%               l  .  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } U5} $}  } $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018?7Note 3 Preliminary Estimated Acquisition Consideration. (in thousands)  Amount  4 ,Cash consideration to Echelon's shareholders ~ J[ - %Cash consideration for Echelon Option  ~ U  and Echelon RSU ? ? ? ? ?/'Total preliminary estimated acquisition~ : consideration ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/69fZNBX@'dXL$=PF0*8X> @2   l  +L #  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 0.} $}  } $ +      ADESTO TECHNOLOGIES CORP 424B5 07/09/2018UMNote 4 Preliminary Estimated Purchase Price Allocation and Intangible Assets. (in thousands)  Amount  - %Cash and cash equivalents, restricted ~ ) . &investments and short-term investments Accounts receivable  ~ '  Inventory~ >}!Deferred cost of revenues~ FOther current assets~  ? ? ? ? ?Total current assets~ #Property and equipment, net~ Other long term assets~  ? ? ? ? ? Total assets~  ? ? ? ? ?Accounts payable~ Accrued liabilities~ Deferred revenue~  ? ? ? ? ?!Total current liabilities~ "+#Deferred tax liability, non-current~ 6#Other long term liabilities~ b ? ? ? ? ?D6 lPD8,I(CU |+E !"#$%&'()* Total liabilities  ~ d  !? !? !? !? !?)"!Fair value of net assets acquired"~ "bc" #? #? #? #? #? $? $? $? $? $? %? %? %? %? %?&'$(____________________________1))Created by Morningstar Document Research.0*(http://documentresearch.morningstar.com/+pZNB=PF0*8X> @2**))((""   l  1  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } $} $}  } $}        ADESTO TECHNOLOGIES CORP 424B5 07/09/2018UMNote 4 Preliminary Estimated Purchase Price Allocation and Intangible Assets. (in thousands)   Fair Value  Useful      Life (in Years) Developed technology ~   !4 - 6 Customer relationships  ~ e  !9 - 11  Trademarks  ~ 2  !11 - 13Goodwill~ -! ? ? ? ? ? !? Total~ M! ? ? ? ? ? !? ? ? ? ? ? !? ? ? ? ? ? !?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6OPD8,3v{8NB6=PF0*8X> @2   l  ?  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } U5} $}  } $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018JBNote 5 Pro Forma Adjustments for Condensed Combined Balance Sheet. (in thousands)  Amount  4 ,Cash consideration to Echelon's shareholders ~  - %Cash consideration for Echelon Option  ~   and Echelon RSU1)Transaction costs paid (exclusive of debt~ nfinancing fees paid) ? ? ? ? ?3+Net adjustment to cash and cash equivalents~ 6. ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8[OC7MhHi(=PF0*8X> @2   l  sL  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 6} $}  } $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018JBNote 5 Pro Forma Adjustments for Condensed Combined Balance Sheet. (in thousands)  Amount  5 -Elimination of Echelon's inventories?carrying ~ J  value" Inventories?fair value (1)  ~ >}  ? ? ? ? ?%Net adjustment to inventories~ E ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4[OC7L;SxP=PF0*8X> @2   l  UY  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 6} $}  } $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018JBNote 5 Pro Forma Adjustments for Condensed Combined Balance Sheet. (in thousands)  Amount  5 -Elimination of Echelon's intangibles?carrying ~   value$ Intangible assets?fair value  ~   ? ? ? ? ?*"Net adjustment to intangibles, net~  ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4[OC7L;L }qI=PF0*8X> @2   l  #f  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 2} $}  } $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018JBNote 5 Pro Forma Adjustments for Condensed Combined Balance Sheet. (in thousands)  Amount  2 *Elimination of Echelon's goodwill?carrying  $?  value Goodwill?fair value  ~ -  ? ? ? ? ?"Net adjustment to goodwill~ - ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4[OC7O>`]=PF0*8X> @2   l   s  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } y<} $} U} $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018JBNote 5 Pro Forma Adjustments for Condensed Combined Balance Sheet. (in thousands)  Amount  : 2Elimination of Echelon's deferred revenue?carrying ~   value# Deferred revenue?fair value  ~ z   ? ? ? ? ?*"Net adjustment to deferred revenue~ 6 ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4[OC7G6HymE=PF0*8X> @2   l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 0} $}  } $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018JBNote 5 Pro Forma Adjustments for Condensed Combined Balance Sheet. (in thousands)  Amount  - %Elimination of Echelon's deferred tax  $?  liability?carrying value- %Deferred tax liability?fair value (1)  ~ <  ? ? ? ? ?0(Net adjustment to deferred tax liability~ < ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4[OC7T02ocW/=PF0*8X> @2   l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 8} $}  } $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018JBNote 5 Pro Forma Adjustments for Condensed Combined Balance Sheet. (in thousands)  Amount  4 ,Estimated gross proceeds from sale of common ~ q  stock7 /Estimated underwriter discounts and commissions  ~  1)Estimated other offering expenses of sale~ of common stock ? ? ? ? ? Total~ F ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8[OC7M @2   l  :  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } } $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018JBNote 5 Pro Forma Adjustments for Condensed Combined Balance Sheet. (in thousands)  Amount   Prepaid expenses ~ N   Other current assets ~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(T[OC7i# =PF0*8X> @2    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 7} $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018JBNote 5 Pro Forma Adjustments for Condensed Combined Balance Sheet. (in thousands)  Amount  6 .Accrued expenses and other current liabilities ~   Accounts payable ~ R  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(T[OC7K =PF0*8X> @2    l  ǭ  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 7} $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018JBNote 5 Pro Forma Adjustments for Condensed Combined Balance Sheet. (in thousands)  Amount  ) !Accrued compensation and benefits ~  6 .Accrued expenses and other current liabilities ~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(T[OC7X=PF0*8X> @2    l  ~  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } y#} $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018JBNote 5 Pro Forma Adjustments for Condensed Combined Balance Sheet. (in thousands)  Amount  " Deferred rent, non-current ~  % Other non-current liabilities ~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(T[OC7_=PF0*8X> @2    l  >  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } *} $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018JBNote 5 Pro Forma Adjustments for Condensed Combined Balance Sheet. (in thousands)  Amount  + #Deferred tax liability, non-current ~  % Other non-current liabilities ~ N  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/( T[OC7V=PF0*8X> @2    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } } $}  } $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018JBNote 5 Pro Forma Adjustments for Condensed Combined Balance Sheet. (in thousands)  Amount   Gross borrowings ~ "   Debt discount  ~ .  ? ? ? ? ?~ ! ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2[OC7i^=PF0*8X> @*   l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } } $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018JBNote 5 Pro Forma Adjustments for Condensed Combined Balance Sheet. (in thousands)  Amount   Cash ~ ^/  Line of credit ~ r  Term loan payoff ~ 6 $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*2h[OC7u5=PF0*8X> @:     l  +  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } -} $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018UMNote 6 Pro Forma Adjustments for Condensed Combined Statements of Operations. (in thousands)   Pro Forma   Pro Forma     Year Ended   Three Months   December 31, 2017  Ended      March 31, 2018- %Elimination of Echelon's amortization ~  ~  of intangible assets ? ? ? ? ? ? ? ?,$Net adjustment to cost of goods sold~ ~  ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6PD8,djq1=PF0*8X> @r          l  \  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } U5} $}  } $} U} $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018UMNote 6 Pro Forma Adjustments for Condensed Combined Statements of Operations. (in thousands)   Pro Forma   Pro Forma     Year Ended   Three Months   December 31, 2017  Ended      March 31, 20184 ,Amortization after fair value adjustment (1)  ~   ~ z  ? ? ? ? ? ? ? ?2*Net adjustment to research and development~ ~ zexpenses ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6PD8,djrp=PF0*8X> @b         l  *  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 7} $}  } $} U} $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018UMNote 6 Pro Forma Adjustments for Condensed Combined Statements of Operations. (in thousands)   Pro Forma   Pro Forma     Year Ended   Three Months   December 31, 2017  Ended      March 31, 2018- %Elimination of Echelon's amortization  ~ V  ~  of intangible assets4,Amortization after fair value adjustment (1)~  ~ v ? ? ? ? ? ? ? ?6.Net adjustment to sales and marketing expenses~ "~  ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8PD8,dj1O =PF0*8X> @b         l  &K  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2) UNDERWRITINGUNDERWRITING (1)PROSPECTUS (1)U } 7} $ } } $ &      ADESTO TECHNOLOGIES CORP 424B5 07/09/2018.&Note 7 Pro Forma Net Income Per Share.       $ Year Ended December 31, 2017    2 *Net loss from continuing operations, basic ~ r   and diluted6.Pro forma weighted average shares outstanding,~  basic,$Net effect of dilutive equity shares ?6.Pro forma weighted average shares outstanding,~ diluted5-Pro forma net loss from continuing operations per share:Basic and dilutedףp= )!Three Months Ended March 31, 20182*Net loss from continuing operations, basic~  and diluted6.Pro forma weighted average shares outstanding,~ &7 basic,$Net effect of dilutive equity shares ?6.Pro forma weighted average shares outstanding,~ &7diluted5-Pro forma net loss from continuing operations per share:DW lwk_Sk{2x' !"#$% Basic and diluted  ɿ !"$#____________________________1$)Created by Morningstar Document Research.0%(http://documentresearch.morningstar.com/hdy=PF0*8X> @:%%$$##   l  7'  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income PerUNDERWRITING (1)PROSPECTUS (1)U } } $       ADESTO TECHNOLOGIES CORP 424B5 07/09/2018 UNDERWRITING  Underwriter  Number of Shares  Cowen and Company, LLC     Needham & Company, LLC     Canaccord Genuity LLC    " Roth Capital Partners, LLC     ? ? ? ? ? Total ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/43ym1BZVJ>=PF0*8X> @"  l  3  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGPROSPECTUS (1)U } -} $ }  } $ } } $ }        ADESTO TECHNOLOGIES CORP 424B5 07/09/2018 UNDERWRITING   Total     Per Share  Without   With Over     Over-Allotment   Allotment Public offering price      Underwriting discount-%Proceeds, before expenses, to Company$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.ymw :=PF0*8X> @"  l  @  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??'!Investing in our common stock iProspectus Supplement Prospectus The OfferingIncome Statement!Our Summary Consolidated Financ Balance Sheet!Adesto Technologies Corporation!Adesto Technologies Corpora (1)!Adesto Technologies Corpora (2)CAPITALIZATIONPRICE RANGE OF COMMON STOCK DILUTION!Adesto Technologies Corpora (3)!Adesto Technologies Corpora (4)!Adesto Technologies Corpora (5)!Note 3 Preliminary Estimated Ac!Note 4 Preliminary Estimated Pu!Note 4 Preliminary Estimate (1)!Note 5 Pro Forma Adjustments fo!Note 5 Pro Forma Adjustment (1)!Note 5 Pro Forma Adjustment (2)!Note 5 Pro Forma Adjustment (3)!Note 5 Pro Forma Adjustment (4)!Note 5 Pro Forma Adjustment (5)!Note 5 Pro Forma Adjustment (6)!Note 5 Pro Forma Adjustment (7)!Note 5 Pro Forma Adjustment (8)!Note 5 Pro Forma Adjustment (9)!Note 5 Pro Forma Adjustmen (10)!Note 5 Pro Forma Adjustmen (11)!Note 5 Pro Forma Adjustmen (12)!Note 5 Pro Forma Adjustmen (13)!Note 6 Pro Forma Adjustments fo!Note 6 Pro Forma Adjustment (1)!Note 6 Pro Forma Adjustment (2)!Note 7 Pro Forma Net Income Per UNDERWRITINGUNDERWRITING (1)U } 1} $ }        ADESTO TECHNOLOGIES CORP 424B5 07/09/2018 PROSPECTUS   PAGE  ABOUT THIS PROSPECTUS ~  PROSPECTUS SUMMARY ~    RISK FACTORS ~ "FORWARD-LOOKING STATEMENTS~ +#WHERE YOU CAN FIND MORE INFORMATION~ 1)INCORPORATION OF INFORMATION BY REFERENCE~ USE OF PROCEEDS~ PLAN OF DISTRIBUTION~ " LEGAL MATTERS~ &EXPERTS~ &$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8{oK#r2e+=PF0*8X> @ Root Entry FBook  A  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~