---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-038627"
form_type: "8-K"
ticker: "LGL"
cik: "0000061004"
company_name: "LGL GROUP INC"
filed_at: "2024-12-31T23:59:59+00:00"
generated_at: "2026-05-28T22:28:22.144119+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-038627
- form_type: 8-K
- ticker: LGL
- cik: 0000061004
- company_name: LGL GROUP INC
- filed_at: 2024-12-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/61004/000143774924038627/0001437749-24-038627-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61004/000143774924038627/lglg20241231_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-038627
- JSON: https://secwatch.observer/filing/0001437749-24-038627.json
- Plain text: https://secwatch.observer/filing/0001437749-24-038627.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.