Lantronix Announces Pricing of $30 Million Underwritten Offering of Common Stock

Lantronix (Nasdaq: LTRX) priced an underwritten public offering of 4,166,667 common shares at $7.20 per share, targeting ~$30 million in gross proceeds.

Rhea-AI Summary

Lantronix (Nasdaq: LTRX) priced an underwritten public offering of 4,166,667 common shares at $7.20 per share, targeting ~$30 million in gross proceeds.

The company granted underwriters a 30-day option for up to 625,000 additional shares, with closing expected around June 1, 2026, subject to customary conditions.

Positive

• Raises approximately $30 million in gross primary capital
• Underwriters granted 30-day option for up to 625,000 extra shares
• Offering supported by joint bookrunners Needham & Company and Canaccord Genuity

Negative

• New common stock issuance may dilute existing LTRX shareholders
• Gross proceeds reduced by underwriting discounts, commissions and offering expenses

Argus May 29 session

-10.65% close to close Open Argus

Details

News Market Reaction – LTRX

On May 29, the day this news came out, LTRX closed 10.65% below the previous close.

Data tracked by StockTitan Argus for the May 29 session.

Key Figures

Shares offered: 4,166,667 shares Offer price: $7.20 per share Gross proceeds: $30 million +5 more

Shares offered

4,166,667 shares

Underwritten common stock offering

Offer price

$7.20 per share

Price for underwritten common stock offering

Gross proceeds

$30 million

Before underwriting discounts and offering expenses

Underwriters’ option

625,000 shares

30-day option to purchase additional shares

Option period

30 days

Underwriters’ option exercise period

Expected close date

June 1, 2026

Anticipated closing of underwritten offering

Form S-3 file number

333-284749

Shelf registration statement reference

Effectiveness date

February 19, 2025

SEC effectiveness of Form S-3

Historical Context

5 past events · Latest: May 27

5 events

1. May 27

   Index inclusion news

   24h Move

   -0.4%

   Preliminary inclusion in Russell 3000 and related Russell index family.

2. May 12

   Product launch

   24h Move

   -2.2%

   Launch of xPico 600 Wi‑Fi 6 embedded module for industrial IoT.

3. May 07

   Investor conferences

   24h Move

   +5.7%

   CEO and CFO participation in Needham and Craig‑Hallum investor events.

4. May 06

   Earnings results

   24h Move

   -13.9%

   Fiscal Q3 2026 results with guidance and growth in Embedded IoT Solutions.

5. Apr 30

   Product debut

   24h Move

   +7.5%

   Debut of NDAA‑compliant Open‑Q 8550CS µSOM and drone platform.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

underwritten offering, common stock, underwriters, shelf registration statement, +4 more

8 terms

underwritten offering financial

"today announced the pricing of an underwritten offering of 4,166,667 shares of common stock"

An underwritten offering is when a bank or group of banks agrees to buy all of a company's new shares or bonds and then resell them to outside investors, guaranteeing the company will raise a specific amount of money. It matters to investors because it adds certainty that the funding will close while increasing the number of shares or debt in the market, which can lower the price per share and change each existing owner's ownership percentage—think of a wholesaler buying an entire shipment from a maker before it reaches stores.

common stock financial

"offering of 4,166,667 shares of common stock at an offer price of $7.20 per share"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

underwriters financial

"Lantronix has granted the underwriters a 30-day option to purchase up to an additional 625,000 shares"

Underwriters are financial professionals or institutions that help companies raise money by selling new securities, such as stocks or bonds, to investors. They assess the risk and determine the price at which these securities should be sold, acting like a bridge between the company and the investors. Their role helps ensure that the company raises the needed funds while providing investors with options that reflect the level of risk involved.

shelf registration statement regulatory

"The offering is being made pursuant to a shelf registration statement on Form S-3"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

form s-3 regulatory

"pursuant to a shelf registration statement on Form S-3 (File No. 333-284749)"

Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.

prospectus supplement regulatory

"A final prospectus supplement and accompanying prospectus relating to the offering will be filed"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

prospectus regulatory

"A final prospectus supplement and accompanying prospectus relating to the offering will be filed"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

securities and exchange commission regulatory

"declared effective by the Securities and Exchange Commission (“SEC”) on February 19, 2025"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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IRVINE, Calif., May 29, 2026 (GLOBE NEWSWIRE) -- Lantronix, Inc. (Nasdaq: LTRX), a global provider of Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure and resilient enterprise networks, today announced the pricing of an underwritten offering of 4,166,667 shares of common stock at an offer price of $7.20 per share, for gross proceeds of approximately $30 million, before deducting underwriting discounts and commissions and other estimated offering expenses. All shares of common stock are being offered by Lantronix. In addition, Lantronix has granted the underwriters a 30-day option to purchase up to an additional 625,000 shares of its common stock at the offering price for the common stock, less underwriting discounts and commissions. The offering is expected to close on or about June 1, 2026, subject to the satisfaction of customary closing conditions.

Needham & Company and Canaccord Genuity are acting as joint bookrunners on the offering.

The offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-284749) that was declared effective by the Securities and Exchange Commission (“SEC”) on February 19, 2025. A final prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC. Electronic copies of the final prospectus, when available, may be obtained on the SEC’s website at http://www.sec.gov and may also be obtained, when available, by contacting Needham and Company, LLC, Attention: 250 Park Avenue, 10th Floor, New York, NY 10177, Attn: Prospectus Department, by telephone at (800) 903-3268 or by email at prospectus@needhamco.com or Canaccord Genuity LLC, Attn: Syndication Department, 1 Post Office Square, 30th Floor, Boston, MA 02109, or by email at prospectus@cgf.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.

About Lantronix
Lantronix Inc. (Nasdaq: LTRX) is a global leader in Edge AI and Industrial IoT solutions, delivering intelligent computing, secure connectivity and remote management for mission-critical applications. Serving high-growth markets, including smart cities, enterprise IT and commercial and defense unmanned systems, including drones, Lantronix enables customers to optimize operations and accelerate digital transformation. Its comprehensive portfolio of hardware, software and services powers applications from secure video surveillance and intelligent utility infrastructure to resilient out-of-band network management. By bringing intelligence to the network edge, Lantronix helps organizations achieve efficiency, security and a competitive edge in today’s AI-driven world. For more information, visit the Lantronix website.

Safe Harbor Statement
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements within the meaning of federal securities laws, including statements regarding the expected closing of the offering, the anticipated timing of the closing, and the potential exercise of the underwriters’ option to purchase additional shares. These forward-looking statements are based on current expectations and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed or implied by such statements, including, but not limited to, market conditions, the satisfaction of customary closing conditions, and other risks described in Lantronix’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent SEC filings. Investors are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements speak only as of the date made, and Lantronix undertakes no obligation to update them except as required by law.

Lantronix Media Contact:                                                                                               
media@lantronix.com 
949-212-0960

Lantronix Analyst and Investor Contact:  
investors@lantronix.com
949-574-3860

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Lantronix (Nasdaq: LTRX) announce about its $30 million stock offering on May 29, 2026?

Lantronix announced pricing of an underwritten public offering of 4,166,667 common shares at $7.20 each, for about $30 million in gross proceeds. According to Lantronix, all shares are newly issued by the company, with closing expected around June 1, 2026.

How many Lantronix (LTRX) shares are included in the May 2026 underwritten offering and at what price?

The offering includes 4,166,667 Lantronix common shares priced at $7.20 per share. According to Lantronix, this structure is expected to generate approximately $30 million in gross proceeds before underwriting discounts, commissions and other estimated offering expenses.

What is the underwriters’ 30-day option in the Lantronix (LTRX) May 2026 stock offering?

Underwriters have a 30-day option to buy up to 625,000 additional Lantronix shares at the $7.20 offering price. According to Lantronix, the option shares would be sold on the same terms, less underwriting discounts and commissions, potentially increasing total proceeds.

When is the Lantronix (LTRX) $30 million stock offering expected to close?

The Lantronix underwritten common stock offering is expected to close on or about June 1, 2026. According to Lantronix, completion of the transaction depends on satisfaction of customary closing conditions typical for this type of public equity offering.

Who are the joint bookrunners for the Lantronix (LTRX) May 2026 stock offering?

Needham & Company and Canaccord Genuity are serving as joint bookrunners for the Lantronix offering. According to Lantronix, the transaction is being conducted under an effective SEC shelf registration on Form S-3, with a final prospectus supplement to be filed.