LGL Group to acquire majority stake in Morgan Group Holding (MGHL) for $2.27M cash

LGL GROUP INC

Private placement of 1M newly issued MGHL shares at $2.27/share; expected close Q1 2025 subject to regulatory approvals.
MGHL subsidiary G.research is a FINRA broker-dealer with over $5B private client assets in 1,000+ accounts.
Subscription price subject to 150-day NAV true-up: floor $1.90/share, ceiling $3.00/share.
MGHL has a 30-day go-shop period; LGL may match superior offers.
Transaction approved by independent boards; LGL to fund wholly in cash with no financing condition.

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