LSB Industries enters into underwriting agreement for 13.5M share offering and $67.7M share repurchase

LSB INDUSTRIES, INC.

LSB Industries agreed to purchase 5,500,000 shares from underwriters at $12.3175 per share for $67,746,250.
Selling stockholders LSB Funding and SBT Investors sold 13,500,000 shares in underwritten offering with 30-day option for additional 1,200,000 shares.
Board representation rights were transferred from LSB Funding to SBT Investors under a letter agreement dated August 10, 2022.
Company will fund repurchase with cash on hand; ~$17 million remains available under existing repurchase program.

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