Lantronix Founder Bernhard Bruscha Donates 3.0 million shares of Lantronix Common Stock to TL Stiftung (TL Foundation)

Rhea-AI Summary

Lantronix (NASDAQ: LTRX) announced that founder Bernhard Bruscha donated 3.0 million shares of Lantronix common stock to TL Stiftung (TL Foundation), an independent charitable foundation based in Germany.

After the donation, Bruscha retains more than 2.3 million shares in his personal holdings. The TL Stiftung, founded by Bruscha in 2000, supports scientific research, education and underserved communities. Company leadership said the donation underscores Bruscha’s continued confidence in Lantronix’s long‑term strategy.

IRVINE, Calif., Dec. 03, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions powering Edge AI applications, today announced that its founder, Bernhard Bruscha, has donated 3.0 million shares of Lantronix common stock from his individual holdings to the TL Stiftung (TL Foundation), an independent charitable foundation based in Germany. Following the donation, Mr. Bruscha continues to hold more than 2.3 million shares in his individual holdings.

“I am proud to dedicate a portion of my holdings to the TL Stiftung in support of its mission to promote scientific research, education and the well-being of underserved communities,” said Bruscha, who founded the TL Stiftung in 2000. “At the same time, I continue to hold more than 2.3 million shares in my personal capacity and remain deeply committed to Lantronix and confident in its long-term future.”

Hoshi Printer, chairman of the Board of Directors of Lantronix, added, “On behalf of the Board, we extend our appreciation to Bernhard for his long-standing support of Lantronix. His continued commitment underscores his confidence in our strategy to drive profitable growth and long-term value for our shareholders.”

About TL Stiftung

With strong roots in Germany and Vietnam, the TL Stiftung (TL Foundation) supports long-term, self-funded projects promoting scientific research, education and the well-being of underserved communities. For more information, visit the foundation’s website.

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, 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 under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements regarding Mr. Bruscha’s commitment to Lantronix, his confidence in Lantronix’s future and his plans with respect to his personal holdings of Lantronix common stock. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to changes in U.S. or foreign government trade policies, including recently increased or future tariffs, a pandemic or other outbreaks, wars and recent conflicts in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws and regulations; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2025, filed with the Securities and Exchange Commission (the “SEC”) on Aug. 29, 2025, including in the section entitled “Risk Factors” in Item 1A of Part I of that report; in our Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2025, filed with the SEC on Nov. 6, 2025, including in the section entitled “Risk Factors” in Item 1A of Part II of such report; as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. In addition, actual results may differ as a result of additional risks and uncertainties about which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.

©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

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

Lantronix Analyst and Investor Contact:         
investors@lantronix.com

FAQ

What did Bernhard Bruscha donate to TL Stiftung and when did Lantronix announce it (LTRX)?

Lantronix announced on Dec 3, 2025 that founder Bernhard Bruscha donated 3.0 million shares of Lantronix common stock to TL Stiftung.

How many Lantronix shares does Bernhard Bruscha still hold after the donation (LTRX)?

After the donation Bruscha continues to hold more than 2.3 million shares in his individual holdings.

What is the purpose of TL Stiftung that received LTRX shares?

TL Stiftung is an independent German charitable foundation that promotes scientific research, education and the well‑being of underserved communities.

Does the donation of 3.0 million shares by the founder change Lantronix corporate control (LTRX)?

The announcement states the shares were donated from Bruscha’s individual holdings to the foundation; it does not state any change to board control or corporate governance.

Will the TL Stiftung sell the donated Lantronix shares and when (LTRX)?

The announcement does not disclose any plan or timing for sale of the donated shares.

What did Lantronix leadership say about the donation and founder’s holdings (LTRX)?

Lantronix said the board appreciates Bruscha’s long‑standing support and that his continued holdings underscore his confidence in the company’s long‑term strategy.