Lantronix Inc. (NASDAQ: LTRX) announced the pricing of an underwritten offering of 4,166,667 shares of common stock at $7.20 per share. The offering will generate gross proceeds of approximately $30 million before deducting underwriting discounts, commissions and other estimated expenses.

The company has granted underwriters a 30-day option to purchase up to an additional 625,000 shares at the same offering price, less underwriting discounts and commissions. The offering is expected to close on or about June 1, 2026, subject to customary closing conditions.

Needham & Company and Canaccord Genuity are serving as joint bookrunners for the offering. All shares are being offered by Lantronix directly.

The offering is being conducted under a shelf registration statement on Form S-3 that was declared effective by the Securities and Exchange Commission on February 19, 2025. A final prospectus supplement and accompanying prospectus will be filed with the SEC.

Lantronix provides Edge AI and Industrial IoT solutions for unmanned systems, critical infrastructure and enterprise networks. The company serves markets including smart cities, enterprise IT and commercial and defense unmanned systems.