Lantronix enters cooperation agreement with Chain of Lakes; appoints James Auker to board

LANTRONIX INC

Agreement with Chain of Lakes Investment Fund, Haluk Bayraktar, and Emre Aciksoz dated June 24, 2025.
James C. Auker appointed to Board and will be nominated at 2025 Annual Meeting.
Shareholders agree to standstill, voting commitments, and non-disparagement; company to engage financial advisor for strategic alternatives.
Term ends 15 days before 2026 nomination deadline unless renewed with re-nomination of Auker.

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