LSB Industries Announces Pricing of Secondary Offering of 13,500,000 Shares of Common Stock by Selling Stockholders with the Company Repurchasing 5,500,000 of the Shares

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Aug 11, 2022

LSB Industries, Inc. (NYSE:LXU, Financial) (“LSB” or the “Company”) today announced the pricing of the previously announced underwritten public offering (the “Offering”) by affiliates of Eldridge Industries LLC (the “Selling Stockholders”) of an aggregate of 13,500,000 shares of the Company’s common stock at a price to the public of $13.00 per share, pursuant to the Company’s automatic shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The Offering is expected to close on August 15, 2022, subject to customary closing conditions. The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an aggregate of 1,200,000 additional shares of the Company’s common stock at the public offering price less underwriting discounts and commissions.