Lantronix acquires Uplogix for $8M cash plus up to $4M earnout; expects non-GAAP EPS accretive within six months

LANTRONIX INC

Acquired Uplogix for ~$8M cash plus up to $4M earnout based on revenue targets for period ending Sep 2023.
Expects acquisition to be accretive to non-GAAP EPS within first six months post-close.
Secured $5M term loan from Silicon Valley Bank to fund acquisition and for working capital.
Uplogix had LTM revenues ~$9M; deal adds complementary high-end OOB remote management solutions.
Loan amendment reduced minimum liquidity requirement from $5M to $4M.

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