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LSI Industries dips after M&A-related stock sale

ReutersFeb 27, 2026 2:03 PM

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

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