Lantronix Inc LTRX

Technology Communication Equipment

Lantronix, Inc. is a global provider of compute and connectivity Internet of Things (IoT) solutions that target industries, including smart cities, automotive and enterprise. Its portfolio is organized into three primary product lines: Embedded IoT Solutions, IoT Systems Solutions, and Software and Services. Its portfolio of embedded products provides a comprehensive range of options, including Compute System-on-Module (SOM) and System-in-Package (SIP) solutions, complemented by wired and wireless network connectivity products. Its IoT Systems Solutions portfolio offers a range of fully functional standalone systems that provide routing, switching or gateway functionalities as well as telematics and media conversion. Its Software-as-a-Service (SaaS) platform offers single-pane-of-glass management for OOB and IoT deployments. Its platform enables customers to deploy, monitor, manage and automate across their global deployments, all from a single platform login.

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Lantronix Inc

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Post by DougInGreenon May 04, 2021 11:34pm

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Post# 33129996

Acquisition financing

Hey this stock is new to me and just doing a bit of DD. I'm wondering where did Lantronix get the 25 million in cash to purchase the business unit from REM? It looks like there hasn't been more than 8 million on had in cash recently and I don't see anything about a share issuance? Thanks!

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