LGL Group launches rights offering for up to 6.5M shares at discount to market price

Filed May 22, 2026 · Period ending May 21, 2026 · ~1 min read

Key Changes

• high

  Board approved transferable rights offering for up to 6,540,435 shares to shareholders of record as of June 4, 2026. Each right allows purchase of one share at a 1-5% discount to 30-day average price or $6.81 book value, whichever is higher.

  Item 8.01 verify on EDGAR →
• medium

  Rights will trade on NYSE American under ticker 'LGL RT' starting around June 5, 2026 and expire June 23, 2026. Shareholders can sell rights if they choose not to exercise, providing liquidity option.

  Item 8.01 verify on EDGAR →
• medium

  Over-subscription privilege allows record-date shareholders who fully exercise basic rights to purchase additional shares, but this privilege does not apply to rights purchased in secondary market.

  Item 8.01 verify on EDGAR →