The LGL Group, Inc. Announces Extension of Warrant Expiration

Rhea-AI Summary

The LGL Group (NYSE American: LGL; LGL WS) announced its Board extended the expiration of warrants granted November 16, 2020 to 5:00 p.m. ET on Tuesday, December 9, 2025. The warrants had been scheduled to expire November 16, 2025 (with exercises allowed through November 17, 2025).

Key terms remain unchanged: five warrants purchase one share, strike price $4.75 per share, an over-subscription privilege for exercising holders, and no fractional shares. All exercise notices and payments must be received by Computershare Trust Company, N.A. by the stated deadline. Holders in street name should contact their broker or intermediary.

Positive

• Expiration extended to 5:00 p.m. ET on December 9, 2025
• Strike price confirmed at $4.75 per share
• Over-subscription privilege remains available to exercising holders

Negative

• None.

Insights

Corporate finance analyst

Extension gives warrant holders more time to exercise at the existing $4.75 strike, but no new economic terms were introduced.

The Board extended the warrants issued on November 16, 2020 to expire at 5:00 p.m. Eastern on December 9, 2025, keeping all other terms unchanged. Each set of five warrants converts into one share at a strike of $4.75, with an over-subscription privilege and no fractional shares; exercise notices must be received by Computershare by the new cutoff.

This change alters timing and optionality but does not change dilution mechanics or pricing. The extension may modestly increase the probability that some holders exercise, since it pushes the deadline beyond the original November 16, 2025 schedule, yet there is no added inducement or repricing disclosed. Watch actual exercise volumes and the receipt of subscription payments by December 9, 2025; those metrics determine near-term share issuance and cash inflow. The operational items to track are exercises settled through Computershare and any announcements quantifying shares issued under the over-subscription privilege within days after the deadline.

Orlando, Florida--(Newsfile Corp. - November 6, 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 $0.01 per share (the "Common Stock"), granted on November 16, 2020 (the "Warrants"), until 5:00 p.m. Eastern Time on Tuesday December 9, 2025. The Warrants were previously scheduled to expire on November 16, 2025, a Sunday, which allowed holders to exercise the Warrants by the close of business on November 17, 2025. All other terms and conditions of the Warrants remain unchanged.

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.

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 9, 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 sole 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 business in the precision engineering, manufacturing, and services sectors.

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Contact:

The LGL Group, Inc.
info@lglgroup.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273505

FAQ

What new expiration date did LGL set for the November 16, 2020 warrants (LGL)?

The Board extended warrant expiration to 5:00 p.m. ET on Tuesday, December 9, 2025.

What is the strike price and conversion ratio for LGL warrants expiring December 9, 2025?

Each set consists of five warrants to purchase one share at a $4.75 strike price per share.

How must LGL warrant holders exercise before the December 9, 2025 deadline?

All exercise notices and payments must be received by Computershare Trust Company, N.A. no later than 5:00 p.m. ET on December 9, 2025.

Can LGL warrant holders subscribe for additional shares when exercising before December 9, 2025?

Yes. An over-subscription privilege allows holders who fully exercise to subscribe for shares issuable from any unexercised warrants under the amended Warrant Agreement terms.

If my warrants are held in street name, how do I exercise LGL warrants before December 9, 2025?

Contact your broker, bank, or other intermediary for instructions on exercising warrants held in street name.