Lantronix Inc. Files 8-K for Material Definitive Agreement
Ticker: LTRX · Form: 8-K · Filed: Aug 21, 2025 · CIK: 1114925
| Field | Detail |
|---|---|
| Company | Lantronix Inc (LTRX) |
| Form Type | 8-K |
| Filed Date | Aug 21, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $15,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
Lantronix just signed a big deal, filing an 8-K for a material definitive agreement.
AI Summary
On August 15, 2025, Lantronix, Inc. entered into a material definitive agreement, likely related to a financial obligation. The company, incorporated in Delaware with its principal executive offices in Irvine, California, filed this 8-K report with the SEC.
Why It Matters
This filing indicates a significant new agreement or financial commitment for Lantronix, Inc., which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.
Key Players & Entities
- Lantronix, Inc. (company) — Registrant
- August 15, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Irvine, California (location) — Address of Principal Executive Offices
FAQ
What type of material definitive agreement did Lantronix, Inc. enter into?
The filing indicates the entry into a material definitive agreement and a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated August 15, 2025.
Where are Lantronix, Inc.'s principal executive offices located?
Lantronix, Inc.'s principal executive offices are located at 48 Discovery, Suite 250, Irvine, California, 92618.
What is Lantronix, Inc.'s state of incorporation?
Lantronix, Inc. is incorporated in Delaware.
What is the SEC file number for Lantronix, Inc.?
The SEC file number for Lantronix, Inc. is 001-16027.
Filing Stats: 854 words · 3 min read · ~3 pages · Grade level 11.9 · Accepted 2025-08-21 16:02:42
Key Financial Figures
- $0.0001 — ge on which registered Common Stock , $0.0001 par value LTRX The Nasdaq Stock Marke
- $15,000,000 — th a revolving credit facility of up to $15,000,000, subject to customary borrowing base li
Filing Documents
- lantronix_8k.htm (8-K) — 30KB
- lantronix_ex1001.htm (EX-10.1) — 554KB
- 0001683168-25-006370.txt ( ) — 861KB
- ltrx-20250815.xsd (EX-101.SCH) — 3KB
- ltrx-20250815_lab.xml (EX-101.LAB) — 33KB
- ltrx-20250815_pre.xml (EX-101.PRE) — 22KB
- lantronix_8k_htm.xml (XML) — 4KB
01
Item 1.01. Entry into a Material Definitive Agreement. On August 15, 2025, Lantronix, Inc., a Delaware corporation (the "Company"), together with its subsidiaries Lantronix Holding Company, Lantronix Canada, ULC, Lantronix Technologies Canada (Taiwan) Ltd., Transition Networks, Inc., and Uplogix, Inc. (collectively, the "Borrowers") entered into a Fourth Amended and Restated Loan and Security Agreement (the "Loan Agreement") with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company (the "Bank"). The Loan Agreement provides the Company with a revolving credit facility of up to $15,000,000, obligations owing to the Bank under that certain Third Amended and Restated Loan and Security Agreement, dated August 2, 2021, by and among the Borrowers and the Bank (as amended, the Prior Loan Agreement"), to pay related fees and expenses, and for working capital and general corporate purposes. The revolving credit facility is scheduled to mature on August 1, 2028. Borrowings under the revolving credit facility will bear interest on the outstanding principal equal to the greater of (i) 5.0% and (ii) the Prime Rate (as defined in the Loan Agreement) plus a margin of 0.0% to 0.5%, with the applicable margin depending on the Company's Liquidity (as defined in the Loan Agreement). In addition, the Borrowers are obligated to pay customary fees for facilities of this type and size. The Loan Agreement requires the Borrowers, on a consolidated basis, to comply with a minimum liquidity test. The Loan Agreement also includes customary representations and warranties and affirmative and negative covenants, including covenants that limit or restrict the Borrowers' and their subsidiaries' ability to incur liens or indebtedness, dispose of assets, make investments, make restricted payments, merge or consolidate, and enter into hedging arrangem
03
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Fourth Amended and Restated Loan and Security Agreement with Silicon Valley Bank, dated August 15, 2025, by and between Lantronix, Inc., Lantronix Holding Company, Lantronix Canada, ULC, Lantronix Technologies Canada (Taiwan) Ltd., Transition Networks, Inc., and Uplogix, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LANTRONIX, INC. By: /s/ Brent Stringham Brent Stringham Chief Financial Officer Date: August 21, 2025 3