LGL Group completes rights offering, raises $41.8M in gross proceeds

LGL GROUP INC

Gross proceeds of $41.8M from issuance of 6,062,714 shares (92.6% of 6,550,435 offered).
Total shares outstanding now approximately 12.6 million after the offering.
Pro forma cash, cash equivalents and marketable securities of $88.5M; book value $86.3M.
Company plans to deploy capital in defense tech, precision timing, smart agriculture, and adjacent critical technologies.

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