LGL Group announces subscription rights offering to fund defense tech strategy

LGL GROUP INC

Each stockholder receives one right per share held; each right to buy one share at discount to 30-day VWAP or $6.81 floor.
Proceeds intended for defense technology and resilient infrastructure strategy, including precision timing and frequency.
Over-subscription privilege available for basic subscribers subject to proration; secondary rights excluded.
Rights transferable on NYSE American; S-1 registration to be filed; commencement after SEC effectiveness.
CEO states offering preserves pro rata participation and aims to increase earnings and shareholder return.

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