The LGL Group, Inc. Announces Preliminary Results of Subscription Rights Offering

LGL Group (NYSE American: LGL) announced preliminary results of its transferable subscription rights offering, which commenced on June 8, 2026 and expired on July 15, 2026.

Rhea-AI Summary

LGL Group (NYSE American: LGL) announced preliminary results of its transferable subscription rights offering, which commenced on June 8, 2026 and expired on July 15, 2026. According to LGL Group, stockholders subscribed for approximately 92.2% of the shares issuable under the offering.

The Rights Offering generated about $41.7 million in gross proceeds from subscriptions for 6,042,031 common shares at $6.90 per share, including 3,398,532 shares via basic rights and 2,643,499 via the over‑subscription privilege. LGL Group reports its pro forma cash, cash equivalents and marketable securities now exceed $85 million, which it believes will support selective investments, acquisitions and partnerships across defense technology and related critical technologies. Results remain preliminary, exclude guaranteed delivery notices, and are subject to final verification and possible proration, with final results expected around July 24, 2026.

Positive

• 92.2% subscription take-up indicating strong participation in rights offering
• $41.7 million gross proceeds raised at $6.90 per share
• Pro forma cash, cash equivalents and marketable securities now exceed $85 million
• Over-subscription privilege used for 2,643,499 additional shares, showing incremental demand

Negative

• Issuance of 6,042,031 new shares implies equity dilution for existing holders
• Preliminary results exclude guaranteed delivery subscriptions and remain subject to final verification and possible proration

News Explained

The offering expired on July 15, 2026 but remains preliminary pending final verification, guaranteed-delivery notices and a planned July 24, 2026 Form 8-K; issuing the subscribed shares would increase the common-stock count and can reduce the ownership percentage of holders who do not receive offsetting shares.

Argus Jul 16 session

-1.44% close to close Open Argus

Details

News Market Reaction – LGL

On Jul 16, the day this news came out, LGL closed 1.44% below the previous close.

Data tracked by StockTitan Argus for the Jul 16 session.

Key Figures

Subscription uptake: 92.2% of issuable shares Pro forma liquidity: Over $85 million Gross proceeds: $41.7 million +5 more

Subscription uptake

92.2% of issuable shares

Transferable subscription rights offering preliminary results

Pro forma liquidity

Over $85 million

Cash, cash equivalents and marketable securities after Rights Offering

Gross proceeds

$41.7 million

Rights Offering preliminary gross proceeds before expenses

Subscription price

$6.90 per share

Price for common stock in Rights Offering

Shares subscribed

6,042,031 shares

Common stock subscribed in Rights Offering based on preliminary results

Basic rights shares

3,398,532 shares

Subscribed through basic subscription rights

Over-subscription shares

2,643,499 shares

Subscribed through over-subscription privilege

Expiration time

5:00 p.m. ET on July 15, 2026

Rights Offering expiration date and time

Previous Offering Reports

5 past events · Latest: Jun 26

Same Type 5 events

1. Jun 26

   Rights extension

   24h Move

   -1.0%

   Extended rights offering expiration to July 15, 2026 at $6.90.

2. Jun 17

   Rights extension

   24h Move

   +0.6%

   Extended rights offering expiration to June 29, 2026 with over-subscription.

3. Jun 05

   Rights commencement

   24h Move

   -0.7%

   Commenced transferable subscription rights offering targeting up to $45.2M.

4. May 22

   Offering terms

   24h Move

   +1.3%

   Detailed rights terms including up to 6.54M shares and pricing formula.

5. May 11

   Offering launch

   24h Move

   -3.5%

   Announced transferable subscription rights offering to fund growth strategy.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

subscription rights offering, over-subscription privilege, registration statement on form s-1, form 8-k

4 terms

subscription rights offering financial

"shares issuable under its previously announced transferable subscription rights offering"

A subscription rights offering is a company giving its existing shareholders the chance to buy additional new shares at a specified price before the shares are offered to the public. It matters to investors because exercising the rights lets them maintain their ownership percentage and potentially buy stock at a discount, while declining can lead to ownership dilution and changes in the share price as the company raises new capital.

over-subscription privilege financial

"2,643,499 additional shares through the over-subscription privilege, subject to final"

An over-subscription privilege is a feature of a share offering that lets existing investors request more shares than their initial entitlement, with any extra allocation given only if other investors do not take their full allotment. It matters because it gives shareholders a chance to increase their stake and avoid losing ownership percentage, much like ordering extra slices at a party in case others pass—however, receiving the extras is not guaranteed.

registration statement on form s-1 regulatory

"pursuant to the Company's Registration Statement on Form S-1 (File No. 333-295925)"

A registration statement on Form S-1 is a detailed filing a company submits to the U.S. securities regulator to register new shares for public sale; it includes a plain-language prospectus, financial statements, business description and risk factors. For investors it matters because it provides the official, comprehensive blueprint of the offering — like an owner’s manual — allowing buyers to assess risks, inspect financial health and compare valuation before deciding to invest.

form 8-k regulatory

"report final results in a filing on Form 8-K on or about July 24, 2026"

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

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Orlando, Florida--(Newsfile Corp. - July 16, 2026) - The LGL Group, Inc. (NYSE American: LGL) ("LGL Group" or the "Company") today announced preliminary results indicating that it received subscriptions for 92.2% of the shares issuable under its previously announced transferable subscription rights offering (the "Rights Offering"). The Rights Offering commenced on June 8, 2026 and expired at 5:00 p.m., Eastern time, on Wednesday, July 15, 2026 (the "Expiration Date").

Over $85 Million in Pro Forma Cash and Marketable Securities

The Rights Offering generated approximately $41.7 million in gross proceeds and increased the Company's pro forma cash, cash equivalents and marketable securities to over $85 million. The Company appreciates the confidence its stockholders have shown in LGL Group's growth strategy through their participation and believes this expanded capital base positions LGL Group well to pursue selective investments, acquisitions and partnerships across defense technology, precision timing and frequency, resilient infrastructure and adjacent critical technologies.

Rights Offering Preliminary Results

Based on preliminary results provided by Computershare Trust Company, N.A. (the "Subscription Agent"), subscriptions were received for 6,042,031 shares of the Company's common stock, par value $0.01 (the "Common Stock") at a subscription price of $6.90 per share, representing gross proceeds of $41.7 million before offering expenses. Subscriptions included 3,398,532 shares through basic subscription rights and 2,643,499 additional shares through the over-subscription privilege, subject to final verification and, if applicable, proration.

The shares of Common Stock subscribed for in the Rights Offering will be issued to the participating stockholders as promptly as practicable.

The preliminary results do not include subscriptions made pursuant to notices of guaranteed delivery, which remain subject to timely receipt of required documentation and payment. The preliminary results remain subject to finalization by the Subscription Agent. If proration is required, available shares will be allocated pro rata under the terms of the Rights Offering and excess subscription payments will be returned promptly without interest or deduction. The Company expects to close the Rights Offering and report final results in a filing on Form 8-K on or about July 24, 2026.

The Rights Offering was made pursuant to the Company's Registration Statement on Form S-1 (File No. 333-295925) (the "Registration Statement") and the related prospectus. This press release does not constitute an offer to sell or a solicitation of an offer to buy any rights, Common Stock or other securities in any jurisdiction where such offer, solicitation or sale would be unlawful.

About The LGL Group, Inc.

The LGL Group, Inc. ("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 the Company's 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. The Company maintains its executive offices at 2525 Shader Road, Orlando, Florida 32804 and the Company's telephone number is (407) 298-2000 and Internet address is www.lglgroup.com. LGL Group common stock is traded on the NYSE American under the symbol "LGL."

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 contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended, such as those pertaining to the Company's plans, goals, objectives, outlook, expectations and intentions with respect to the Rights Offering, including the anticipated use of such proceeds. 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 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 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, 2025 as filed with the SEC on March 30, 2026 and subsequent filings with the SEC. 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/305427

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the preliminary results of LGL (NYSE American: LGL) July 2026 rights offering?

LGL Group reports preliminary subscriptions for about 92.2% of shares issuable in its July 2026 rights offering. According to LGL Group, investors subscribed for 6,042,031 common shares at $6.90 per share, generating approximately $41.7 million in gross proceeds before expenses.

How much cash did LGL raise in its 2026 subscription rights offering and at what price?

LGL Group raised approximately $41.7 million in gross proceeds in its 2026 rights offering at a subscription price of $6.90 per share. According to LGL Group, this came from subscriptions for 6,042,031 common shares, subject to final verification by the subscription agent.

How does the July 2026 rights offering affect LGL Group’s pro forma cash position?

Following the rights offering, LGL Group states its pro forma cash, cash equivalents and marketable securities exceed $85 million. According to LGL Group, the expanded capital base is intended to support selective investments, acquisitions and partnerships in defense technology, precision timing, resilient infrastructure and adjacent critical technologies.

What portion of LGL’s 2026 rights offering came from basic subscriptions vs over-subscription?

According to LGL Group, preliminary results show 3,398,532 shares were subscribed through basic rights and 2,643,499 shares through the over-subscription privilege. These amounts total 6,042,031 common shares, all at a subscription price of $6.90 per share, before any proration.

When will LGL Group finalize and report the results of its July 2026 rights offering?

LGL Group expects to close the rights offering and report final results on a Form 8-K on or about July 24, 2026. According to LGL Group, preliminary figures exclude guaranteed delivery notices and remain subject to final verification and potential proration by the subscription agent.

Will LGL’s 2026 rights offering result in share dilution for existing LGL shareholders?

The rights offering involves issuing 6,042,031 new common shares, which increases LGL Group’s share count and dilutes existing holdings. According to LGL Group, these shares were subscribed at $6.90 per share, pending finalization, verification and any required proration.