The LGL Group Announces Transferable Rights Offering To Raise Up To ~$44.6M For Defense Technology And Infrastructure Strategy

The LGL Group, Inc. (NYSE:LGL) (NYSE:LGL) ("LGL Group" or the "Company") today announced the terms of its previously announced transferable subscription rights offering (the "Rights Offering").

The transferable subscription rights (each, a "Right" and, collectively, the "Rights") are being issued with the following features:

One Right to purchase one share of the Company's common stock, par value $0.01 per share ("Common Stock");

Record date of 5:00 p.m., Eastern Time, on June 4, 2026 (the "Record Date");

Rights will trade on the NYSE American under symbol "LGL RT" and are transferable;

Regular-way trading begins on June 8, 2026, and trading ceases at market close on June 22, 2026, unless extended;

Rights will expire on June 23, 2026 at 5:00 p.m., Eastern Time, unless extended; and

Rights Offering, if fully subscribed, will raise approximately $44.6 million.

Pursuant to the Rights Offering, the Company intends to distribute, at no charge, transferable Rights to holders of record of the Company's Common Stock, as of the Record Date, to purchase up to an aggregate 6,540,435 shares of the Company's Common Stock. Each common stockholder as of the Record Date will receive one (1) Right for each share of Common Stock owned as of the record date (the "Rights Offering"). One (1) Right can be exercised to purchase one (1) share of Common Stock at a subscription price that has yet to be determined. The subscription price is expected to be equal to the greater of: (i) a discount of not less than 1% and not more than 5% to the average of the daily volume-weighted average prices ("VWAP") of the Common Stock over the thirty (30) consecutive trading days ending on and including the day prior to the Record Date (or June 3, 2026); or (ii) $6.81, the Company's book value attributable to LGL Group common stockholders per share as of March 31, 2026. The Company intends for the Rights to be listed for trading during the subscription period on the NYSE American. Proceeds from the Rights Offering may be used to advance a broader defense technology and resilient infrastructure strategy, including opportunities related to precision timing and frequency and adjacent critical technologies.