The LGL Group, Inc. announced on March 6, 2025, that its warrants to purchase shares of common stock, originally granted on November 16, 2020, are now exercisable. These warrants can be exercised through their expiration date of November 16, 2025.
The exercisability was triggered by the average volume weighted average price (VWAP) of LGL Group's common stock exceeding $6.65 for 30 consecutive trading days. This trigger price was met on March 4, 2025, according to the terms of the Warrant Agreement.
Under the terms, five warrants are exercisable to purchase one share of common stock at a strike price of $4.75 per share. Holders in street name are advised to contact their broker, bank, or other intermediary for exercise instructions.
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