The LGL Group, Inc. Announces Extension of Warrant Expiration
Rhea-AI Summary
The LGL Group (NYSE American: LGL, LGL WS) announced its Board of Directors extended the expiration of warrants granted November 16, 2020 until 5:00 p.m. ET on December 30, 2025 (previously December 16, 2025). All other warrant terms remain unchanged.
The Warrants consist of five warrants to buy one share each at a $4.75 strike price, include an over-subscription privilege, and do not permit fractional shares. Chairman Marc Gabelli and affiliate GGCP intend to fully exercise their warrants and use the over-subscription privilege. Exercise notices and payments must be received by Computershare by 5:00 p.m. ET on December 30, 2025.
Positive
- Extended exercise window to Dec 30, 2025
- Insider participation: CEO Marc Gabelli and GGCP intend full exercise
Negative
- Potential dilution from warrant exercises at $4.75 per share
- Short timeline: exercises and payments due by Dec 30, 2025
News Market Reaction
On the day this news was published, LGL declined 0.88%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers showed mixed moves: FCUV -4.46%, WATT -0.56%, SVRE -12.28% while ELSE gained 1.66% and ASTC rose 5.00%, indicating stock-specific dynamics rather than a broad sector swing.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 03 | Warrant extension | Neutral | -0.5% | Extended warrant expiration to December 16, 2025 with unchanged terms. |
| Nov 13 | Earnings update | Positive | +6.0% | Reported Q3 2025 profitability improvement and solid cash position. |
| Nov 06 | Warrant extension | Neutral | +0.3% | Extended warrant expiration to December 9, 2025 with terms unchanged. |
| Sep 18 | Buyback & update | Neutral | +4.0% | Announced share repurchase program and business/financial updates. |
| Jun 24 | Form S-1 effect | Positive | +4.1% | Post-effective Form S-1 amendment became effective, detailing warrant exercise. |
Recent warrant-related and capital actions have generally seen modest, mostly positive price alignment following announcements.
Over the last six months, LGL has repeatedly updated warrant timelines and capital actions. Warrant extensions on Nov 6 and Dec 3, 2025 kept terms such as the $4.75 strike and 5:1 ratio intact, with small price moves. Strategic and financial updates, including Q3 2025 results on Nov 13 and a repurchase program announced on Sep 18, coincided with positive reactions. Earlier, a post-effective Form S-1 amendment effective on Jun 24, 2025 supported warrant exercise logistics.
Market Pulse Summary
This announcement extended the warrant expiration for LGL’s November 2020 warrants to December 30, 2025 while keeping key terms, including the $4.75 strike and 5:1 warrant ratio, unchanged. It follows several prior extensions documented in recent filings and press releases. Investors may focus on how many of the remaining warrants are ultimately exercised and how this interacts with the company’s ongoing capital allocation and repurchase activity.
Key Terms
warrants financial
strike price financial
over-subscription privilege financial
warrant agreement regulatory
AI-generated analysis. Not financial advice.
Orlando, Florida--(Newsfile Corp. - December 15, 2025) - The LGL Group, Inc. (NYSE American: LGL) (NYSE American: LGL WS) ("LGL Group" or the "Company") today announced that its Board of Directors has extended the expiration of the warrants to purchase shares of LGL Group's common stock, par value
The Warrants contain the following terms:
- Five (5) Warrants to purchase one (1) share of Common Stock;
- Common Stock can be purchased at a strike price of
$4.75 per share; - Over-subscription privilege available to Warrant holders who exercise their Warrants in full, whereby such Warrant holder subscribes for any or all of the shares issuable pursuant to any unexercised Warrants on the terms and subject to the conditions set forth in the Warrant Agreement, as amended; and
- No fractional shares will be issued.
Marc Gabelli, Chairman and Chief Executive Officer, and GGCP, Inc., an affiliate and stockholder, both intend to exercise in full their Warrants pursuant to their Basic Warrant Exercise Rights and participate in the over-subscription privilege to purchase any and all shares remaining available following the appropriate allocations by the transfer agent.
All exercise notices and payments (including with respect to any exercise of a Warrant holder's over-subscription privilege) must be received by Computershare Trust Company, N.A. no later than 5:00 p.m. Eastern Time on Tuesday December 30, 2025. Holders in street name should contact their broker, bank, or other intermediary for information on how to exercise Warrants (including pursuant to any exercise of the over-subscription privilege).
For further details, Warrant holders are encouraged to review the Warrant Agreement, the FAQ on our website at www.lglgroup.com/WarrantFAQ, or contact info@lglgroup.com. The information contained on, or that can be accessed through, our website is not part of this press release or any filing with the Securities and Exchange Commission; we have included this website address solely as an inactive textual reference.
About The LGL Group, Inc.
The LGL Group, Inc. ("LGL," "LGL Group," or the "Company") is a holding company engaged in services, merchant investment and manufacturing business activities. Precise Time and Frequency, LLC ("PTF") is a globally positioned producer of industrial Electronic Instruments and commercial products and services. Founded in 2002, PTF operates from our design and manufacturing facility in Wakefield, Massachusetts. Lynch Capital International LLC is focused on the development of value through investments.
LGL Group was incorporated in 1928 under the laws of the State of Indiana, and in 2007, the Company was reincorporated under the laws of the State of Delaware as The LGL Group, Inc. We maintain our executive offices at 2525 Shader Road, Orlando, Florida 32804. Our telephone number is (407) 298-2000. Our Internet address is www.lglgroup.com. LGL Group common stock and warrants are traded on the NYSE American under the symbols "LGL" and "LGL WS," respectively.
LGL Group's business strategy is primarily focused on growth through expanding new and existing operations across diversified industries. The Company's engineering and design origins date back to the early 1900s. In 1917, Lynch Glass Machinery Company ("Lynch Glass"), the predecessor of LGL Group, was formed and emerged in the late 1920s as a successful manufacturer of glass-forming machinery. Lynch Glass was then renamed Lynch Corporation ("Lynch") and was incorporated in 1928 under the laws of the State of Indiana. In 1946, Lynch was listed on the "New York Curb Exchange," the predecessor to the NYSE American. The Company has a had a long history of owning and operating various businesses in the precision engineering, manufacturing, and services sectors.
Cautionary Note Concerning Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, such as those pertaining to the Company's financial condition, results of operations, business strategy and financial needs. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. The words "believe," "expect," "anticipate," "should," "plan," "will," "may," "could," "intend," "estimate," "predict," "potential," "continue" or the negative of these terms and similar expressions, as they relate to LGL Group, are intended to identify forward-looking statements.
These forward-looking statements are largely based on current expectations and projections about future events and financial trends that may affect the financial condition, results of operations, business strategy and financial needs of the Company. They can be affected by inaccurate assumptions, including the risks, uncertainties and assumptions described in the filings made by LGL Group with the Securities and Exchange Commission ("SEC"), including those risks set forth under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 as filed with the SEC on March 31, 2025. In light of these risks, uncertainties and assumptions, the forward-looking statements in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. When you consider these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release.
These forward-looking statements speak only as of the date of this press release. LGL Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
###
Contact:
The LGL Group, Inc.
info@lglgroup.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278039
FAQ
What change did The LGL Group (LGL) announce about its warrants on December 15, 2025?
What are the strike price and ratio for LGL warrants expiring December 30, 2025?
Will insiders exercise LGL warrants before the new December 30, 2025 deadline?
How do I exercise LGL warrants before the December 30, 2025 deadline?
What is the over-subscription privilege for LGL warrants?
