{"url_path":"/sec/ltrx/8-k/2026-06-01/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 ****Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-01","source_url":"https://www.sec.gov/Archives/edgar/data/1114925/0001683168-26-004424-index.html","accession_number":"0001683168-26-004424","cik":"0001114925","ticker":"LTRX","issuer_name":"LANTRONIX INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1114925/0001683168-26-004424-index.html","primary_entity_key":"0001114925","primary_entity_name":"LANTRONIX INC"},"word_count":271,"has_tables":true,"body_markdown":"**Item 1.01****Entry into a Material Definitive Agreement.**\n\n \n\nOn May 29, 2026, Lantronix, Inc. (the\n“Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Needham & Company, LLC\nand Canaccord Genuity LLC, as underwriters (together, the “Underwriters”), pursuant to which the Company agreed to sell, and\nthe Underwriters agreed to purchase, 4,166,667 shares (the “Firm Shares”) of the Company’s common stock, par value $0.0001\nper share (the “Common Stock”), at an initial price to the public of $7.20 per share. In addition, the Company granted the\nUnderwriters a 30-day option to purchase up to an additional 625,000 shares (the “Option Shares” and, together with the Firm\nShares, the “Shares”) of Common Stock from the Company at the public offering price, less underwriting discounts and commissions.\nOn May 29, 2026, the Underwriters exercised their option to purchase the Option Shares in full. On June 1, 2026, the Company issued and\ndelivered the Shares.\n\n \n\nNet proceeds to the Company from the\noffering of the Shares, after deducting underwriting discounts and commissions and estimated offering expenses, are approximately $32.3\nmillion. The Company intends to use the net proceeds from the offering of the Shares for working capital and general corporate purposes,\nincluding to fund strategic initiatives in support of our broader growth strategy, which may include supporting the development and commercialization\nof unmanned systems and related technologies.\n\n \n\nA copy of the Underwriting Agreement\nis filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference. A copy of the legal opinion and consent\nof O’Melveny & Myers LLP relating to the Shares is filed as Exhibit 5.1 hereto."}