Lantronix and Investors Raise $64 Million

Lantronix Inc., an Irvine developer of electronic network device servers, and certain investors raised $64 million Monday by pricing new shares of stock at $8 each with its underwriters for a public offering.

The company is selling 8 million shares through investment banker Lehman Brothers. Lantronix stock lost 88 cents to close at $9.02 a share on Nasdaq.