The LGL Group, Inc. Announces Terms of Subscription Rights Offering

The LGL Group, Inc. has announced the terms of its transferable subscription rights offering. The offering allows holders of record of the company's common stock as of June 4, 2026, to purchase up to an aggregate of 6,540,435 shares of common stock. Each right entitles the holder to purchase one share at a subscription price determined by the greater of a 1-5% discount to the 30-day VWAP prior to the record date or $6.81 (the book value per share as of March 31, 2026). The offering is expected to raise approximately $44.6 million, with proceeds intended for advancing defense technology and resilient infrastructure strategies. Rights will trade on the NYSE American under the symbol "LGL RT". An over-subscription privilege is available to stockholders who fully exercise their basic subscription rights, subject to availability and proration. Rights acquired on the secondary market are not eligible for this privilege. The offering is being conducted under a registration statement on Form S-1, which has not yet been declared effective by the SEC. Trading of rights is expected to commence on a "when-issued basis" around June 3, 2026, and on a "regular way" basis around June 8, 2026, with the offering expiring on June 23, 2026, unless extended.