LGL GROUP INC (LGL) Form 424B3 — Jun 5, 2026
The LGL Group, Inc. (LGL) has filed a prospectus supplement for a rights offering to distribute up to 6,550,435 subscription rights to existing shareholders, allowing them to purchase one share of common stock per right at a subscription price of $6.90. This price represents a 3% discount to the 30-day volume-weighted average price of the stock, which was $7.06 on the record date of June 4, 2026. If fully exercised, the offering will raise approximately $45.2 million in gross proceeds, effectively doubling the number of outstanding shares from 6.55 million to 13.1 million.
Key figures
- Cash Position
- 46700000
- Gross Proceeds
- 45200000
- Offering Price
- 6.9
- Shares Offered
- 6550435
- Shares Outstanding
- 6550435
- Net Proceeds
- 45000000
- Discount Percent
- 3
- Dilution Per Share
- 0.07
- Market Price Record Date
- 7.06
- Net Tangible Book Value Per Share
- 6.81
- Adjusted Net Tangible Book Value Per Share
- 6.83
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.