IRVINE, California, November 17, 2021 (GLOBE NEWSWIRE) – Lantronix, Inc. (NASDAQ: LTRX) (“Lantronix”), a global provider of secure turnkey solutions for Intelligent IT and the Internet of Things (IoT), announced today that it has launched a proposed public offering for the issue and sale of its shares. its common stock. The offer is subject to market and other terms and conditions and there can be no certainty as to whether or when the offer may be terminated or for the current size or terms of the offer.

TL Investment GmbH also expects to give subscribers a 30-day option to purchase additional shares of common Lantronix shares in an amount of up to 15% of the number of shares sold on offer, if any, on the same terms and conditions. Bernhard Bruscha, the founder of Lantronix and former Chairman of the Board, is the Managing Director of TL Investment GmbH and Dr. Heidi Nguyen, current director of Lantronix and the wife of Mr. Bruscha, is Vice President and Director of TL Investment GmbH.

Lantronix intends to use its net income from working capital offerings and general corporate purposes, which may include, inter alia, the repayment of existing debt. Lantronix will not receive any of the proceeds from the ordinary shares sold by TL Investment GmbH in the proposed offer, if any.

Canaccord Genuity and Craig-Hallum are acting as joint book managers for the offering.

The offer is being made in accordance with two effective shelf registration statements (File No. 333-227127 and 333-259454), which were declared effective by the Securities and Exchange Commission (“SEC”) on 12 September 2018 and 19 October 2021 , respectively. The proposed bid will be made only through a prospectus supplement and accompanying prospectuses describing the terms of the bid. Copies of the preliminary prospectus supplement and accompanying prospectuses related to this offer can be obtained by contacting the following: Canaccord Genuity LLC, Attention: Syndicate Department, 99 High Street, Suite 1200, Boston, Massachusetts 02110, or by phone at (617 ) 371-3900, or by email at, or Craig-Hallum Capital Group LLC, Attention: Equity Capital Markets, 222 South Ninth Street, Suite 350, Minneapolis, Minnesota 55402, or by phone at (612) 334-6300, or by email at These documents can also be obtained free of charge on the SEC website at The final terms of the bid will be disclosed in a final prospectus appendix to be submitted to the SEC.

This press release will not constitute an offer to sell or a request for an offer to purchase the securities described here, nor will there be any sale of these securities in any state or jurisdiction in which an offer , such request or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

About Lantronix

Lantronix, Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services, and intelligent equipment.

Lantronix enables its customers to speed up trading time and increase uptime and efficiency by providing reliable, secure and connected Inteligent Edge IoT and Remote Management Gateway solutions.

Lantronix products and services dramatically simplify the creation, development, deployment and management of IoT and IT projects in robotics, automotive, apparel, video conferencing, industrial, medicine, logistics, smart cities, security, retail, branch office, server room and data center applications.

Foresighted statement

This news release contains forward-looking statements within the meaning of federal securities laws, statements which are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for safe haven from liability established by the 1995 Securities Private Judicial Reform Act. All statements except the factual statements contained in this publication are forward-looking statements. We have tried to identify forward-looking statements using words such as “can”, “believe”, “will”, “can”, “project”, “predict”, “wait”, “appreciate”, “should,” continuation “,” potential “,” plan “,” predictions “,” purpose “,” search “,” purpose “, other forms of these words or similar or negative words or expressions thereof. Furthermore, statements regarding future matters such as our proposed public offering and the expected use of its proceeds are forward-looking statements. The termination of the proposed public offering and its terms are subject to many factors, many of which are beyond our control, including, without limitation, market conditions, failure of normal closing terms and risk factors, and other issues. set out in the prospectus. the supplement and accompanying prospectuses included in the registration statements and the documents incorporated with reference to them. You are warned not to rely unnecessarily on the far-sighted statements we make, which speak only of the date on which they were made. We expressly reject any intention or obligation to update any forward-looking statements after the date of this law to adapt those statements to the actual results or to changes in our opinions or expectations, except as required by applicable law or the Market rules. Nasdaq Capital. If we update or correct any forward-looking statements, investors should not conclude that we will make any additional updates or corrections.

Lantronix Investor Relations Contact:
Jeremy Whitaker
Senior Financial Officer