LGL Group launches $45.2M rights offering; holders get one right per share at $6.90

LGL GROUP INC

Record holders as of June 4 receive one transferable right per share; each right exercisable for one share at $6.90 (3% discount to 30-day VWAP).
Maximum 6,550,435 shares offered; gross proceeds ~$45.2M if fully subscribed.
Rights trade on NYSE American under "LGL RT" from June 8 to June 22, 2026; expiration June 23, 2026.
Over-subscription privilege available for record holders who fully exercise basic rights; secondary buyers excluded.
Proceeds to advance defense technology and resilient infrastructure strategy, including precision timing and frequency.

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