LSB Industries Announces Secondary Offering of 14,350,000 Shares of Common Stock by Selling Stockholder with the Company Repurchasing 3,500,000 of the Shares

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Nov 07, 2022

LSB Industries, Inc. (NYSE:LXU, Financial) (“LSB” or the “Company”) today announced that an affiliate of Eldridge Industries LLC (the “Selling Stockholder”) intends to offer for sale an aggregate of 14,350,000 shares of the Company’s common stock pursuant to the Company’s automatic shelf registration statement (the “Offering”) filed with the Securities and Exchange Commission (the “SEC”). The Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to an aggregate of 1,627,500 additional shares of the Company’s common stock. The Selling Stockholder will receive all of the net proceeds from the Offering. No shares are being sold by the Company.