LGL Group launches rights offering to raise ~$44.6M for defense tech expansion

LGL GROUP INC

Record date June 4, 2026; each share gets one right to purchase one share at discount to VWAP or $6.81 floor.
Up to 6,540,435 shares offered; rights trade on NYSE American under 'LGL RT'.
Expected gross proceeds ~$44.6M if fully subscribed; proceeds for defense tech and precision timing strategy.
Rights expire June 23, 2026; over-subscription privilege for full-exercising record holders.
Subscription price equals 1%-5% discount to 30-day VWAP ending June 3, or $6.81 floor per share.

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