Globe News Wire
29 May 2026, 11:32 UTC · 8h ago
Source · https://www.globenewswire.com/news-release/2026/05/29/3303520/0/en/lantronix-announces-pricing-of-30-million-underwritten-offering-of-common-stock.html
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Lantronix is issuing 4,166,667 shares of common stock at a price of $7.20 per share. — Equity offerings typically create immediate downward pressure on share price due to dilution of existing shareholders.
-0.40The company expects to raise approximately $30 million in gross proceeds from the offering. — Increased capital provides a liquidity buffer or funding for growth, though the benefit is partially offset by the dilution mentioned above.
+0.20Underwriters have a 30-day option to purchase an additional 625,000 shares. — Potential for further modest dilution if the over-allotment option is exercised.
-0.10Ticker attribution
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The company is pricing a $30 million underwritten offering of common stock, which typically results in share dilution for existing investors.
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