InvestmentJun 1, 2026, 04:15 PM
Lantronix Prices $34.5M Common Stock Offering; Net Proceeds $32.3M
AI Summary
Lantronix, Inc. announced the pricing of an underwritten public offering of 4,166,667 shares of common stock at $7.20 per share. The underwriters fully exercised their option to purchase an additional 625,000 shares, bringing the total shares sold to 4,791,667. The offering generated approximately $34.5 million in gross proceeds, with net proceeds to the company estimated at $32.3 million. Lantronix intends to use these funds for working capital, general corporate purposes, and to support strategic growth initiatives, including the development of unmanned systems.
Key Highlights
- Lantronix priced an underwritten offering of 4,166,667 shares of common stock at $7.20 per share.
- Underwriters fully exercised their 30-day option to purchase an additional 625,000 shares.
- The total offering involved the sale of 4,791,667 shares of common stock.
- The offering generated approximately $34.5 million in gross proceeds.
- Net proceeds to the company are approximately $32.3 million after deducting expenses.
- Proceeds will be used for working capital and general corporate purposes.
- Funds will also support strategic growth initiatives, including unmanned systems development.
Price Impact
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