Lantronix prices $30M common stock offering at $7.20/share; net proceeds ~$32.3M

LANTRONIX INC

Priced 4,791,667 shares (incl. full overallotment) at $7.20/share for gross ~$34.5M.
Net proceeds ~$32.3M after underwriting discounts and expenses.
Proceeds for working capital and strategic initiatives, including unmanned systems.
Joint bookrunners: Needham & Company and Canaccord Genuity.
Offering closed on June 1, 2026.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LANTRONIX INC entered into Underwriting Agreement with Needham & Company, LLC and Canaccord Genuity LLC valued at approximately $32.3 million (effective 2026-05-29).

Action: entry
Agreement: underwriting
Counterparty: Needham & Company, LLC and Canaccord Genuity LLC
Value: approximately $32.3 million
Effective: 2026-05-29

Exact text from the filing

On May 29, 2026, Lantronix, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Needham & Company, LLC and Canaccord Genuity LLC, as underwriters (together, the “Underwriters”), pursuant to which the Company agreed to sell, and the Underwriters agreed to purchase, 4,166,667 shares (the “Firm Shares”) of the Company’s common stock

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LANTRONIX INC filing history →

Source: SEC EDGAR

accession 0001683168-26-004424

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