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The LGL Group (NYSE American: LGL) completed its rights offering on July 15, 2026, banking approximately $41.8 million in gross proceeds and lifting its pro forma cash, equivalents and marketable securities from $46.7 million to $88.5 million.
The stated ambition is to deploy that capital selectively across defense technology, precision timing and agriculture-related targets under its Merchant Investing model.
The complication is that cash per share fell $0.12 to $7.02 on a pro forma basis, and roughly 7.4% of the offered shares drew no subscriptions.
What the subscription numbers show The offering commenced June 8, 2026 and drew subscriptions for 6,062,714 of the 6,550,435 shares made available, a take-up rate of approximately 92.6%.
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