LGL Group raises $41.7M in rights offering; 92.2% subscription rate

LGL GROUP INC

Gross proceeds of $41.7M from 6,042,031 shares at $6.90 per share.
Pro forma cash and marketable securities exceed $85M after the offering.
Subscriptions included 3,398,532 basic and 2,643,499 over-subscription shares.
Rights offering expired July 15, 2026; expected close on or about July 24, 2026.
Proceeds to be used for investments, acquisitions, and partnerships in defense tech and precision timing.

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