LGL Group, Inc. (NYSE American: LGL) announced that its rights will begin trading on the OTC Markets under the ticker symbol 'LGLGR' on June 29, 2026. This follows the company's recent rights offering to its shareholders.
The rights are being issued to holders of LGL common stock as of the record date of June 17, 2026. Each right entitles the holder to purchase one share of common stock at a subscription price of $5.00 per share.
LGL Group, based in Orlando, Florida, is a diversified holding company involved in electronic components and precision timing solutions. The rights offering aims to raise capital for general corporate purposes.
Shareholders are advised to consult with their brokers or financial advisors regarding the trading and exercise of these rights. The rights are expected to trade until July 10, 2026.
