LGL Systems Acquisition Corp. Announces Closing of $172.5 Million Initial Public Offering, Including Full Exercise of the Underwriters' Over-Allotment Option

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Nov 12, 2019
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Reno, Nevada, Nov. 12, 2019 (GLOBE NEWSWIRE) -- LGL Systems Acquisition Corp. (Nasdaq: DFNSU) (the “Company”) announced today that it closed its initial public offering of 17,250,000 units, including the exercise in full of the underwriters’ over-allotment option to purchase up to an additional 2,250,000 units. The offering was priced at $10.00 per unit resulting in gross proceeds of $172,500,000.