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Security Profile
- Security Type
- Common Stock
- CUSIP
- 50186A108 (prev. 551146103 )
- Market Cap
- Micro Cap
- Previous Symbol
- LIC (changed 11/11/2005)
- Previous Name
- Lynch Corp.
Business: The LGL Group, Inc., through its two principal subsidiaries MtronPTI and PTF, designs, manufactures and markets highly-engineered electronic components used to control the frequency or timing of signals in electronic circuits, and designs high performance Frequency and Time reference standards that form the basis for timing and synchronization in various applications.
Notes: 8/7/2013 trading will be Regular Way in lieu of When Issued in the Warrant to purchase Common Stock.______________ July 17, 2013 -- The Board of Directors has revised the terms of the warrant dividend as follows: (i) each holder of the Company's common stock as of 4:30 p.m. ET on the record date, now July 29, 2013, will receive five warrants for each share of common stock owned, (ii) the warrants will be European style warrants and will only be exercisable on the earlier of (x) their expiration date, which will be the fifth anniversary of their issuance, and (y) such date that the 30-day volume weighted average price per share, or VWAP, of the Company's common stock is greater than or equal to $15.00, and (iii) 25 warrants will entitle their holder to purchase one share of the Company's common stock at an exercise price of $7.50. The Company intends for the warrants to be listed and traded on the NYSE MKT separately from the Company's common stock, NYSE MKT Ticker Symbol: LGL WSWI The warrants are expected to be issued on or around August 6, 2013, and in aggregate, will be exercisable for approximately 522,000 shares of the Company's common stock.
Company Contact
- CEO
- Jason Lamb
- CFO
- Patrick Huvane
- Headquarters
- 2525 Shader Road, Orlando, FL 32804
- Phone
- 407-298-2000
- Investor Relations
- Patti Smith · 407-298-2000 · info@lglgroup.com