LGL Group reports preliminary 92.2% subscription in rights offering, ~$41.7M gross proceeds

LGL Group announced preliminary results showing 92.2% subscription participation in its rights offering and about $41.7 million in gross proceeds.

Key Highlights:

• Subscriptions received for 6,042,031 shares at $6.90 per share, generating approximately $41.7M gross proceeds.
• Rights Offering raised subscriptions for 92.2% of shares issuable under the offering.
• Pro forma cash, cash equivalents and marketable securities increased to over $85M.
• Subscriptions include 3,398,532 via basic rights and 2,643,499 via over-subscription, subject to verification/proration.
• Company expects to close the offering and file final results on Form 8-K on or about July 24, 2026.

Original SEC Filing:

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