{"success":true,"data":{"pressRelease":{"id":"74254","rtpr_id":"nNFC9TxDqH","ticker":"LGL","exchange":"NYSE American","all_tickers":["LGL"],"title":"The LGL Group, Inc. Announces Extension of Previously Announced Subscription Rights Offering","author":"Newsfile Corp","published_at":"2026-06-26T12:55:11.936Z","article_body":"Orlando, Florida--(Newsfile Corp. - June 26, 2026) - The LGL Group, Inc. (NYSE\nAmerican: LGL) (\"LGL Group\" or the \"Company\") today announced that it has\nextended the expiration date of its subscription rights offering to purchase\nshares of LGL Group's common stock (the \"Common Stock\"), distributed on June\n5, 2026 (the \"Rights\"), until 5:00 p.m., Eastern time, on Wednesday, July 15,\n2026 (the \"Rights Offering\") to facilitate the administration of the Rights\nOffering. The Rights Offering was previously scheduled to expire on June 29,\n2026. All other terms and conditions of the Rights Offering remain unchanged.\n\nPursuant to LGL Group's prospectus, the Rights are being issued with the\nfollowing features:\n* One (1) Right to purchase one (1) share of Common Stock;\n* Shares of Common Stock can be purchased at a subscription price of $6.90 per\nshare;\n* The Over-subscription privilege is available to Rights holders who are\nshareholders of record and exercise their basic Rights in full, which entitles\nthem to subscribe for any or all of the shares issuable pursuant to any\nunexercised Rights by other holders on the terms and conditions set forth in\nthe prospectus; and\n* No fractional shares will be issued.\nAll exercise notices and payments (including with respect to any exercise of a\nRights holder's over-subscription privilege) must now be received by\nComputershare Trust Company, N.A. no later than 5:00 p.m., Eastern time, on\nWednesday, July 15, 2026. Holders in street name should contact their broker,\nbank or other intermediary for information on how to exercise their Rights\n(including pursuant to any exercise of the Over-subscription privilege).\n\nRights holders may exercise their Rights pursuant to the terms of a\nsubscription rights certificate, the form of which was included as an exhibit\nto the Company's Registration Statement on Form S-1 (File No. 333-295925),\neffective May 28, 2026, on file with the U.S. Securities and Exchange\nCommission (\"SEC\").\n\nThe final prospectus for the Rights Offering may be reviewed here\n(https://api.newsfilecorp.com/redirect/wE3P3SrrBW).\n\nAbout The LGL Group, Inc.\n\nThe LGL Group, Inc. (\"LGL Group\" or the \"Company\") is a holding company\nengaged in services, merchant investment and manufacturing business\nactivities. Precise Time and Frequency, LLC (\"PTF\") is a globally positioned\nproducer of industrial Electronic Instruments and commercial products and\nservices. Founded in 2002, PTF operates from the Company's design and\nmanufacturing facility in Wakefield, Massachusetts. Lynch Capital\nInternational LLC is focused on the development of value through investments.\n\nLGL Group was incorporated in 1928 under the laws of the State of Indiana, and\nin 2007, the Company was reincorporated under the laws of the State of\nDelaware as The LGL Group, Inc. The Company maintains its executive offices at\n2525 Shader Road, Orlando, Florida 32804 and the Company's telephone number is\n(407) 298-2000 and Internet address is www.lglgroup.com. LGL Group common\nstock is traded on the NYSE American under the symbol \"LGL.\"\n\nLGL Group's business strategy is primarily focused on growth through expanding\nnew and existing operations across diversified industries. The Company's\nengineering and design origins date back to the early 1900s. In 1917, Lynch\nGlass Machinery Company (\"Lynch Glass\"), the predecessor of LGL Group, was\nformed and emerged in the late 1920s as a successful manufacturer of\nglass-forming machinery. Lynch Glass was then renamed Lynch Corporation\n(\"Lynch\") and was incorporated in 1928 under the laws of the State of Indiana.\nIn 1946, Lynch was listed on the \"New York Curb Exchange,\" the predecessor to\nthe NYSE American. The Company has a had a long history of owning and\noperating various businesses in the precision engineering, manufacturing, and\nservices sectors.\n\nCautionary Note Concerning Forward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933, as amended (the \"Securities Act\"),\nand Section 21E of the Securities Exchange Act of 1934, as amended, such as\nthose pertaining to the Company's plans, goals, objectives, outlook,\nexpectations and intentions with respect to the proposed Rights Offering,\nincluding the anticipated size, timing, subscription price, proceeds and use\nof such proceeds thereof. All statements other than statements of current or\nhistorical fact contained in this press release are forward-looking\nstatements. The words \"believe,\" \"expect,\" \"anticipate,\" \"should,\" \"plan,\"\n\"will,\" \"may,\" \"could,\" \"intend,\" \"estimate,\" \"predict,\" \"potential,\"\n\"continue\" or the negative of these terms and similar expressions, as they\nrelate to LGL Group, are intended to identify forward-looking statements.\n\nThese forward-looking statements are based on current expectations and\nprojections about future events and financial trends that may affect the\nfinancial condition, results of operations, business strategy and financial\nneeds of the Company. They can be affected by inaccurate assumptions,\nincluding the risks, uncertainties and assumptions described in the filings\nmade by LGL Group with the SEC, including those risks set forth under the\nheading \"Risk Factors\" in the Company's Annual Report on Form 10-K for the\nyear ended December 31, 2025 as filed with the SEC on March 30, 2026 and\nsubsequent filings with the SEC. In light of these risks, uncertainties and\nassumptions, the forward-looking statements in this press release may not\noccur and actual results could differ materially from those anticipated or\nimplied in the forward-looking statements. When you consider these\nforward-looking statements, you should keep in mind these risk factors and\nother cautionary statements in this press release.\n\nThese forward-looking statements speak only as of the date of this press\nrelease. LGL Group undertakes no obligation to update or revise any\nforward-looking statements, whether as a result of new information, future\nevents or otherwise, except as required by law. Accordingly, readers are\ncautioned not to place undue reliance on these forward-looking statements. For\nthese statements, we claim the protection of the safe harbor for\nforward-looking statements contained in the Private Securities Litigation\nReform Act of 1995.\n\n###\n\nContact:\n\nThe LGL Group, Inc.\ninfo@lglgroup.com\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/302964","article_body_html":"","raw_payload":{"data":{"id":"nNFC9TxDqH","title":"The LGL Group, Inc. Announces Extension of Previously Announced Subscription Rights Offering","author":"Newsfile Corp","ticker":"LGL","created":"2026-06-26T12:55:11.936Z","tickers":["LGL"],"exchange":"NYSE American","article_body":"Orlando, Florida--(Newsfile Corp. - June 26, 2026) - The LGL Group, Inc. (NYSE\nAmerican: LGL) (\"LGL Group\" or the \"Company\") today announced that it has\nextended the expiration date of its subscription rights offering to purchase\nshares of LGL Group's common stock (the \"Common Stock\"), distributed on June\n5, 2026 (the \"Rights\"), until 5:00 p.m., Eastern time, on Wednesday, July 15,\n2026 (the \"Rights Offering\") to facilitate the administration of the Rights\nOffering. The Rights Offering was previously scheduled to expire on June 29,\n2026. All other terms and conditions of the Rights Offering remain unchanged.\n\nPursuant to LGL Group's prospectus, the Rights are being issued with the\nfollowing features:\n* One (1) Right to purchase one (1) share of Common Stock;\n* Shares of Common Stock can be purchased at a subscription price of $6.90 per\nshare;\n* The Over-subscription privilege is available to Rights holders who are\nshareholders of record and exercise their basic Rights in full, which entitles\nthem to subscribe for any or all of the shares issuable pursuant to any\nunexercised Rights by other holders on the terms and conditions set forth in\nthe prospectus; and\n* No fractional shares will be issued.\nAll exercise notices and payments (including with respect to any exercise of a\nRights holder's over-subscription privilege) must now be received by\nComputershare Trust Company, N.A. no later than 5:00 p.m., Eastern time, on\nWednesday, July 15, 2026. Holders in street name should contact their broker,\nbank or other intermediary for information on how to exercise their Rights\n(including pursuant to any exercise of the Over-subscription privilege).\n\nRights holders may exercise their Rights pursuant to the terms of a\nsubscription rights certificate, the form of which was included as an exhibit\nto the Company's Registration Statement on Form S-1 (File No. 333-295925),\neffective May 28, 2026, on file with the U.S. Securities and Exchange\nCommission (\"SEC\").\n\nThe final prospectus for the Rights Offering may be reviewed here\n(https://api.newsfilecorp.com/redirect/wE3P3SrrBW).\n\nAbout The LGL Group, Inc.\n\nThe LGL Group, Inc. (\"LGL Group\" or the \"Company\") is a holding company\nengaged in services, merchant investment and manufacturing business\nactivities. Precise Time and Frequency, LLC (\"PTF\") is a globally positioned\nproducer of industrial Electronic Instruments and commercial products and\nservices. Founded in 2002, PTF operates from the Company's design and\nmanufacturing facility in Wakefield, Massachusetts. Lynch Capital\nInternational LLC is focused on the development of value through investments.\n\nLGL Group was incorporated in 1928 under the laws of the State of Indiana, and\nin 2007, the Company was reincorporated under the laws of the State of\nDelaware as The LGL Group, Inc. The Company maintains its executive offices at\n2525 Shader Road, Orlando, Florida 32804 and the Company's telephone number is\n(407) 298-2000 and Internet address is www.lglgroup.com. LGL Group common\nstock is traded on the NYSE American under the symbol \"LGL.\"\n\nLGL Group's business strategy is primarily focused on growth through expanding\nnew and existing operations across diversified industries. The Company's\nengineering and design origins date back to the early 1900s. In 1917, Lynch\nGlass Machinery Company (\"Lynch Glass\"), the predecessor of LGL Group, was\nformed and emerged in the late 1920s as a successful manufacturer of\nglass-forming machinery. Lynch Glass was then renamed Lynch Corporation\n(\"Lynch\") and was incorporated in 1928 under the laws of the State of Indiana.\nIn 1946, Lynch was listed on the \"New York Curb Exchange,\" the predecessor to\nthe NYSE American. The Company has a had a long history of owning and\noperating various businesses in the precision engineering, manufacturing, and\nservices sectors.\n\nCautionary Note Concerning Forward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933, as amended (the \"Securities Act\"),\nand Section 21E of the Securities Exchange Act of 1934, as amended, such as\nthose pertaining to the Company's plans, goals, objectives, outlook,\nexpectations and intentions with respect to the proposed Rights Offering,\nincluding the anticipated size, timing, subscription price, proceeds and use\nof such proceeds thereof. All statements other than statements of current or\nhistorical fact contained in this press release are forward-looking\nstatements. The words \"believe,\" \"expect,\" \"anticipate,\" \"should,\" \"plan,\"\n\"will,\" \"may,\" \"could,\" \"intend,\" \"estimate,\" \"predict,\" \"potential,\"\n\"continue\" or the negative of these terms and similar expressions, as they\nrelate to LGL Group, are intended to identify forward-looking statements.\n\nThese forward-looking statements are based on current expectations and\nprojections about future events and financial trends that may affect the\nfinancial condition, results of operations, business strategy and financial\nneeds of the Company. They can be affected by inaccurate assumptions,\nincluding the risks, uncertainties and assumptions described in the filings\nmade by LGL Group with the SEC, including those risks set forth under the\nheading \"Risk Factors\" in the Company's Annual Report on Form 10-K for the\nyear ended December 31, 2025 as filed with the SEC on March 30, 2026 and\nsubsequent filings with the SEC. In light of these risks, uncertainties and\nassumptions, the forward-looking statements in this press release may not\noccur and actual results could differ materially from those anticipated or\nimplied in the forward-looking statements. When you consider these\nforward-looking statements, you should keep in mind these risk factors and\nother cautionary statements in this press release.\n\nThese forward-looking statements speak only as of the date of this press\nrelease. LGL Group undertakes no obligation to update or revise any\nforward-looking statements, whether as a result of new information, future\nevents or otherwise, except as required by law. Accordingly, readers are\ncautioned not to place undue reliance on these forward-looking statements. For\nthese statements, we claim the protection of the safe harbor for\nforward-looking statements contained in the Private Securities Litigation\nReform Act of 1995.\n\n###\n\nContact:\n\nThe LGL Group, Inc.\ninfo@lglgroup.com\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/302964"},"type":"article","timestamp":"2026-06-26T12:55:12.00563503Z","server_sent_at_ms":1782478512005},"received_at":"2026-06-26T12:55:12.056Z","source_url":"https://www.newsfilecorp.com/release/302964"},"analysis":{"id":"63615","press_release_id":"74254","analysis_json":{"industry":null,"redFlags":["Rights offering extended past original expiration date, signaling weak initial investor demand"],"eventType":"offering","narrative":"The LGL Group extended the expiration date of its subscription rights offering from June 29, 2026 to July 15, 2026 to facilitate administration of the offering.\n\nAll terms of the offering remain unchanged, allowing rights holders to purchase one share of common stock at $6.90 per share, with an over-subscription privilege available for those who exercise basic rights in full.\n\nComputershare Trust Company, N.A. is acting as the agent, and all exercise notices and payments must be received by the new deadline.","sentiment":"bearish","agentHooks":{"shouldPost":false,"suggestedAngle":"LGL extends rights offering deadline, suggesting low take-up from existing shareholders."},"keyFigures":{"offeringPrice":6.9,"customDimensions":{"rights_ratio":"1:1","expiration_date_new":"2026-07-15","expiration_date_old":"2026-06-29"}},"quotedText":"","namedEntities":{"people":[],"products":["Common Stock","Rights"],"companies":[{"name":"The LGL Group, Inc.","ticker":"LGL"},{"name":"Precise Time and Frequency, LLC","relationship":"subsidiary"},{"name":"Lynch Capital International LLC","relationship":"subsidiary"},{"name":"Computershare Trust Company, N.A.","relationship":"agent"}],"dollarAmounts":[{"amount":"$6.90","context":"subscription price per share"}]},"materialImpact":{"score":3,"reasoning":"The extension of the rights offering expiration date suggests that initial uptake from existing shareholders was insufficient, raising uncertainty about the company's ability to complete the capital raise as originally scheduled."},"tickerRelevance":{"others":[],"primary":"LGL"},"globalImportance":10,"audienceRelevance":5,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro_cap","eventGravity":"offering_extension","sectorWeight":"niche"}},"event_type":"offering","event_type_secondary":null,"sentiment":"bearish","material_impact_score":3,"narrative":"The LGL Group extended the expiration date of its subscription rights offering from June 29, 2026 to July 15, 2026 to facilitate administration of the offering.\n\nAll terms of the offering remain unchanged, allowing rights holders to purchase one share of common stock at $6.90 per share, with an over-subscription privilege available for those who exercise basic rights in full.\n\nComputershare Trust Company, N.A. is acting as the agent, and all exercise notices and payments must be received by the new deadline.","key_figures":{"offeringPrice":6.9,"customDimensions":{"rights_ratio":"1:1","expiration_date_new":"2026-07-15","expiration_date_old":"2026-06-29"}},"named_entities":{"people":[],"products":["Common Stock","Rights"],"companies":[{"name":"The LGL Group, Inc.","ticker":"LGL"},{"name":"Precise Time and Frequency, LLC","relationship":"subsidiary"},{"name":"Lynch Capital International LLC","relationship":"subsidiary"},{"name":"Computershare Trust Company, N.A.","relationship":"agent"}],"dollarAmounts":[{"amount":"$6.90","context":"subscription price per share"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-26T12:59:25.742Z","global_importance":10,"audience_relevance":5,"importance_components":{"tickerTier":"micro_cap","eventGravity":"offering_extension","sectorWeight":"niche"}},"durationMs":253679,"modelName":"george-droid-qwen-72b"}}