Lantronix Adding Investor Martin Hale Jr. to Board of Directors - Seite 2
In addition to Hale's appointment to the Board, the company announced that Hale Capital Partners entered into an agreement to purchase 1,941,748 Lantronix common shares at a price of $1.03 per share, which reflects the closing price of the company's stock as of June 15, 2016, for a total investment of $2.0 million. Proceeds from the sale will be used for general corporate purposes, including supporting the company's strategic IoT initiatives.
About Lantronix
Lantronix, Inc. (NASDAQ: LTRX) is a specialized networking company providing M2M (machine to machine) and IoT (Internet of Things) solutions. Our products
deliver secure connectivity, device management and mobility for today's increasingly connected world. By networking and managing devices and machines that have never before been connected, we
enable our customers to realize the possibilities of the Internet of Things. Founded in 1989, Lantronix pioneers robust, intelligent and easy to deploy solutions for mission critical applications
in a wide range of industries, including data center, medical, security, industrial, transportation, retail, financial and government. Lantronix is headquartered in Irvine, California, with offices
in Europe and Asia. For more information, visit www.lantronix.com.
About Hale Capital Partners
Hale Capital Partners is a private growth equity fund focused on partnering with talented management teams to achieve remarkable corporate
transformations that benefit all stakeholders including employees, customers, and our investors. In everything we do, we commit to making a positive difference in the lives of those we touch, and
in doing so, to generating compelling investment returns. We focus on transformational opportunities with small and microcap public companies because we believe the market to be inefficient, poorly
understood, and under-penetrated by professional investment firms.
Learn more at the Lantronix blog, www.lantronix.com/blog, featuring industry discussion and updates. To follow Lantronix on Twitter, please visit www.twitter.com/Lantronix. View our video library on YouTube at www.youtube.com/user/LantronixInc or connect with us on LinkedIn at www.linkedin.com/company/lantronix.
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