secwatch.observer — SEC 8-K summary
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Issuer:     LANTRONIX INC (LTRX)
CIK:        0001114925
Form:       8-K
Filed at:   2022-09-12T23:59:59+00:00
Accession:  0001683168-22-006322
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114925/000168316822006322/0001683168-22-006322-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114925/000168316822006322/lantronix_i8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-006322

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