---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-006372"
form_type: "8-K"
ticker: "LYTS"
cik: "0000763532"
company_name: "LSI INDUSTRIES INC"
filed_at: "2026-03-02T23:59:59+00:00"
generated_at: "2026-05-15T22:54:40.581083+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-006372
- form_type: 8-K
- ticker: LYTS
- cik: 0000763532
- company_name: LSI INDUSTRIES INC
- filed_at: 2026-03-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763532/000143774926006372/0001437749-26-006372-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763532/000143774926006372/lyts20260226_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-006372
- JSON: https://secwatch.observer/filing/0001437749-26-006372.json
- Plain text: https://secwatch.observer/filing/0001437749-26-006372.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/763532/000143774926006372/0001437749-26-006372-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.