LGL Group reports extension of rights offering expiration to November 13
The LGL Group announced that its Board of Directors has extended the expiration of its rights offering until 5:00 PM Eastern Standard Time on Monday, November 13. The rights offering was previously scheduled to expire on Wednesday, October 25. All other terms and conditions of the rights offering remain unchanged. Under the terms of the offering, holders of the company's common stock are entitled to three transferable subscription rights for each share held on the record date, September 5. For every four subscription rights exercised, a shareholder can purchase one whole share of common stock at a subscription price of $5.50 per whole share of common stock. The subscription rights are transferable and have been admitted to the NYSE American under the symbol "LGL-RT".