Business Wire·Feb 26, 2026, 9:50 PM ET

LSI Industries Prices Public Offering of Common Stock

LSI Industries Inc. (NASDAQ: LYTS) priced its underwritten public offering of 4,600,000 common shares at $19.75 per share.
The gross proceeds from the offering are expected to be approximately $90 million before deducting underwriting discounts & commissions.
Underwriters have a 30-day option to purchase an additional 690,000 shares at the public offering price.
The offering is expected to close on or about March 2, 2026, subject to customary closing conditions.
LSI intends to use net proceeds for its growth & acquisition strategy, including paying a portion of the purchase price for the proposed Royston Group acquisition.
Proceeds may also be used to repay borrowings under a proposed Senior Secured Credit Facility to fund the Royston acquisition.
Remaining funds may be used for general working capital & corporate purposes.
Oppenheimer & Co. & Craig-Hallum are acting as joint lead book-running managers, with H.C. Wainwright & Co. & Texas Capital Securities as co-managers.
A shelf registration statement on Form S-3 relating to the shares was filed with the SEC & is effective.
A preliminary prospectus supplement was filed with the SEC on February 25, 2026.
LSI is headquartered in Cincinnati & employs approximately 2,000 people across 18 manufacturing plants in the U.S. & Canada.