Search

Stradling

Lantronix Closes Equity Offering

Lantronix, Inc.

Represented Lantronix, Inc. (NASDAQ: LTRX) in connection with an underwritten public offering, consisting of 2.5 million shares of its common stock at a public offering price of $4.00 per share for gross proceeds of approximately $10 million.

Lantronix, based in Irvine, California, is a global provider of secure data access and management solutions for Internet of Things assets. Lantronix’s connectivity solutions are deployed inside millions of machines and data centers serving a wide range of industries, including medical, security, industrial, transportation, retail, financial, environmental and government.

The deal team representing Lantronix included Ryan Wilkins, Chris IveySonya Attal and Peter Hong.