Lantronix enters $30M ATM equity offering agreement with Needham and Canaccord

LANTRONIX INC

Entered Sales Agreement with Needham & Company and Canaccord Genuity for at-the-market offering of up to $30M in common stock.
Commission of 3% of gross proceeds payable to the designated sales agent for each sale of shares.
Shares sold through The Nasdaq Capital Market as an 'at the market offering' under Rule 415.
Issuance under existing effective S-3 registration statement (File No. 333-284749) and prospectus supplement dated May 8, 2026.
Company may terminate the Sales Agreement at any time; no obligation to sell any shares.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

LANTRONIX INC entered into Sales Agreement with Needham & Company, LLC and Canaccord Genuity LLC valued at up to $30,000,000 aggregate offering price of common stock (effective 2026-05-08).

Action: entry
Agreement: atm program
Counterparty: Needham & Company, LLC and Canaccord Genuity LLC
Value: up to $30,000,000 aggregate offering price of common stock
Effective: 2026-05-08

Exact text from the filing

On May 8, 2026, Lantronix, Inc. (the "Company") entered into a Sales Agreement (the "Sales Agreement") with Needham & Company, LLC ("Needham") and Canaccord Genuity LLC ("Canaccord"), with respect to an at-the-market offering program under which the Company may offer and sell, from time to time at its sole discretion, shares of its common stock, par value $0.0001 per share (the "Common Stock"), having an aggregate offering price of up to $30,000,000 (the "Shares"), through either of Needham and Canaccord, each as its sales agent (together, the "Sales Agents").

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Source: SEC EDGAR

accession 0001683168-26-003615

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