Lantronix Prices $30 Million Stock Offering; Shares Down Pre-Bell

MT Newswires Live

05/29

Lantronix (LTRX) has priced an underwritten offering of roughly 4.17 million shares at $7.20 per share, for gross proceeds of $30 million, the company said Friday.

The company has granted the underwriters a 30-day option to buy up to 625,000 additional shares at the offering price.

The offering is expected to close Monday.

Shares of Lantronix were down 5.3% pre-bell.

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