LSI Industries dips after M&A-related stock sale

LSI Industries

27/02/2026 14:03

** Shares of commercial lighting and retail display firm LSI Industries LYTS.O down 1.1% premarket at $20.70 after ~$90.9 mln M&A-related follow-on priced

    ** Cincinnati, Ohio-based LYTS late Thurs said it sold 4.6 mln shares at $19.75, a 5.6% discount to last sale

    ** Co to use net offering proceeds to help fund $325 mln proposed

      buy of
    Atlanta, Georgia's Royston Group, a provider of retail fixtures, from Industrial Opportunity Partners

** LSI shares on Thurs closed down 6.9% after co late Weds launched the stock offering

    ** Oppenheimer and Craig-Hallum joint lead bookrunners

    ** LYTS has ~31.1 mln shares outstanding

** Through Thurs, stock up 14% YTD vs Nasdaq's .IXIC 1.6% drop

    ** All 4 analysts have "buy" rating on the stock and their median PT is $29, per LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))