DZS INC.: M&A transaction — DZS completes sale of IIoT business to Lantronix for $6.5M

DZS INC.

Purchase price $6.5M less $41.7K for employee entitlements; closed Dec 25, 2024.
Pro forma net gain of ~$4.2M recognized on IIoT divestiture; $3.3M prepaid EdgeCo loans.
IIoT sale follows Network Assurance ($34M) and Asia business divestitures in 2024; part of restructuring.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

DZS INC. completed a disposition involving Lantronix, Inc. for $6,500,000, less $41,727.60 (closed 2024-12-25).

Action: disposition
Counterparty: Lantronix, Inc.
Consideration: $6,500,000, less $41,727.60
Closing: 2024-12-25

Exact text from the filing

corporation (“Lantronix”). Pursuant to the Business Sale Agreement, the Company sold to Lantronix the Company’s industrial internet of things business for a purchase price of $6,500,000, less $41,727.60 (the amount representing 70% of employee entitlements due to transferring employees). --- EX-99.1 (EX-99.1) --- DZS INC. AND SUBSIDIARIES UNAUDITED PRO FORMA

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Source: SEC EDGAR

accession 0001101680-24-000186

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