Corporate ActionMay 29, 2026, 07:33 AM
Lantronix Prices Common Stock Offering of 4.17M Shares at $7.20
AI Summary
Lantronix, Inc. announced the pricing of an underwritten public offering of 4,166,667 shares of its common stock at $7.20 per share. This offering is expected to generate gross proceeds of approximately $30 million before deducting underwriting discounts and commissions. The company has also granted the underwriters a 30-day option to purchase up to an additional 625,000 shares. The offering is anticipated to close around June 1, 2026.
Key Highlights
- Lantronix priced an underwritten offering of 4,166,667 shares of common stock.
- The offer price for the common stock is $7.20 per share.
- The offering is expected to generate gross proceeds of approximately $30 million.
- Underwriters have a 30-day option to purchase up to an additional 625,000 shares.
- The offering is expected to close on or about June 1, 2026.
- Needham & Company and Canaccord Genuity are acting as joint bookrunners.
Price Impact
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