secwatch.observer — SEC 8-K summary
======================================

Issuer:     LGL GROUP INC (LGL)
CIK:        0000061004
Form:       8-K
Filed at:   2026-05-22T20:27:33+00:00
Accession:  0001437749-26-018256
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61004/000143774926018256/0001437749-26-018256-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61004/000143774926018256/lglg20260519c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-018256

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer