Corporate ActionMay 8, 2026, 05:22 PM
Lantronix Establishes $30M At-The-Market Equity Offering Program
AI Summary
Lantronix, Inc. has entered into a Sales Agreement with Needham & Company, LLC and Canaccord Genuity LLC to establish an at-the-market equity offering program. Under this program, the company may offer and sell shares of its common stock with an aggregate offering price of up to $30,000,000. The sales agents will receive a 3% commission on gross proceeds from sales made through them.
Key Highlights
- Lantronix entered into a Sales Agreement with Needham & Company, LLC and Canaccord Genuity LLC.
- The agreement establishes an at-the-market offering program for common stock.
- The company may offer and sell shares with an aggregate offering price of up to $30,000,000.
- Sales agents will receive a commission equal to 3% of the gross proceeds from each sale.
- Shares will be sold through The Nasdaq Capital Market or any other trading market.
- The offering is pursuant to the Company's Registration Statement on Form S-3 (File No. 333-284749).
Price Impact
More from LTRX