- The LGL Group (LGL, Financial) has added an Over-Subscription Privilege to its warrants, allowing holders to purchase additional shares.
- The Over-Subscription Privilege is effective from October 16, 2025, to November 17, 2025.
- The current exercise price for the warrants is $4.75 for five warrants to acquire one common stock share.
The LGL Group, Inc. (LGL) has introduced an Over-Subscription Privilege for its outstanding warrants initially issued as a dividend in November 2020. This strategic move permits holders to subscribe for additional shares that have not been purchased under the original terms of their warrants.
The Over-Subscription Privilege will be available from October 16, 2025, and will continue until the warrants' expiration on November 17, 2025. This offers an extended window for warrant holders to optimize their investment by acquiring more shares than initially planned. Each holder must act within this period to benefit from this privilege.
The warrants come with an exercise price of $4.75, requiring five warrants to purchase one share of common stock. It should be noted that this price reflects a previous adjustment due to the M-tron Industries spinoff.
The procedure and related inquiries concerning the exercise of these warrants are managed by Computershare, which serves as the warrant agent. Any holder interested in more information on warrant exercise procedures can visit the LGL Group's warrant FAQ page.
Furthermore, LGL Group will file a post-effective amendment to its registration statement with the SEC to support this change. The amendment aims to ensure that all legal requirements for the offering and subsequent sales of shares through the warrant exercise are met.
This initiative provides a valuable opportunity for current warrant holders to enhance their positions within the company and benefits those who align their exercise strategy with the availability of the Over-Subscription Privilege.
