Lantronix, Inc. entered into a Sales Agreement with Needham & Company, LLC and Canaccord Genuity LLC for an at-the-market offering program enabling sales of up to $30 million in common stock.
Key takeaways
Entered Sales Agreement dated May 8, 2026 with Needham & Company, LLC and Canaccord Genuity LLC.
Establishes at-the-market offering program for common stock with aggregate offering price up to $30,000,000.
Sales agents receive 3% commission on gross proceeds from shares sold.
Company has sole discretion to sell shares through designated sales agent via Nasdaq or other markets.
No obligation to sell any shares; either party may terminate per agreement terms.
Shares issued under effective Form S-3 Registration Statement (File No. 333-284749).