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

About this update from Lgl Group, Inc. (the)

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.

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