LSI Industries prices 4.6M share offering at $19.75; net proceeds ~$98.1M for Royston acquisition

LSI INDUSTRIES INC

Offering of 4,600,000 shares priced at $19.75/share; gross proceeds ~$90M.
Underwriters exercised 30-day option to purchase an additional 690,000 shares.
Net proceeds ~$98.1M after discounts and expenses.
Proceeds to partially fund Royston acquisition, repay PNC credit facility, and for working capital.
Royston acquisition expected to close in Q3 FY2026; PNC credit facility to increase to $425M.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.94

LSI INDUSTRIES INC entered into Underwriting Agreement with Oppenheimer & Co. Inc. valued at $98.1 million net proceeds from 4,600,000 shares at $19.75 per share (effective 2026-02-26).

Action: entry
Agreement: underwriting
Counterparty: Oppenheimer & Co. Inc.
Value: $98.1 million net proceeds from 4,600,000 shares at $19.75 per share
Effective: 2026-02-26

Exact text from the filing

On February 26, 2026, LSI Industries Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Oppenheimer & Co. Inc., as representative of the several underwriters named therein (collectively, the “Underwriters”), relating to the offering, issuance and sale of 4,600,000 shares of the Company’s common stock, no par value (the “Shares”).

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LSI INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0001437749-26-006372

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