Lantronix, Inc. (NASDAQ: LTRX) is now one of the most popular AI penny stocks to buy, endorsed by billionaires. The company recently expanded its Board of Directors after finalizing a cooperation agreement with an investor group including Emre Aciksoz, Haluk L. Bayraktar, and Chain of Lakes Investment Fund LLC.

Under the agreement, James C. Auker was appointed to the Lantronix Board of Directors, increasing the Board size to six directors. The investor group has committed to standstill and voting commitments to support cooperative governance and management practices, aiming to enhance shareholder value.

Lantronix is a global provider of compute and connectivity solutions for IoT and Edge AI applications, offering AI-enabled gateways, embedded systems, and camera modules for various industries. The company has committed to engage a financial advisor within 60 days of Auker’s appointment to explore opportunities for value creation.

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Read more at Yahoo Finance: Lantronix (LTRX) Expands Board in a Cooperation Agreement With an Investor Group