The LGL Group, Inc. announced on June 5, 2025, that it has added an Over-Subscription Privilege to its outstanding warrants to purchase common stock. These warrants were originally issued as a dividend to LGL Group stockholders on November 16, 2020, and are exercisable until November 17, 2025.
As a result of a previous downward adjustment, five warrants are exercisable to purchase one share of common stock at an exercise price of $4.75. The new Over-Subscription Privilege will allow warrant holders to subscribe for additional shares of common stock that remain unsubscribed after the basic warrant exercise rights are fulfilled.
This over-subscription period will commence from the close of business on October 16, 2025, and extend until the expiration date of November 17, 2025. The company will file a post-effective amendment to its related registration statement on Form S-1 with the SEC to permit these exercises.
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