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LGL completes redomestication to Nevada; listing and shares unchanged
LGL Group (NYSE: LGL) completed its redomestication from Delaware to Nevada effective Sept. 1, 2026, adopting new Nevada articles and bylaws and converting each outstanding common share one-for-one with no shareholder action required. Trading will continue on the NYSE American under ticker LGL and the company says the move does not change its business, operations, management, assets or workforce aside from costs related to the redomestication.
LGL to redomesticate from Delaware to Nevada; filing expected ~Sept 1, 2026
The LGL Group (LGL) will complete a stockholder-approved redomestication from Delaware to Nevada by statutory conversion, with filings expected on or about Sept. 1, 2026. Each outstanding share will convert one-for-one and is expected to continue trading on NYSE American under 'LGL' with no action required by holders; the company's business, operations, management, assets, liabilities and share count will not change, only the governing law will shift to Nevada.
LGL unit PTF wins $6M in awards to supply timing gear for LEO direct-to-device satellite network
LGL Group's subsidiary Precise Time and Frequency (PTF) received multiple awards from a major customer totaling $6 million to supply precision timing hardware (GNSS receivers and RF/digital timing distribution units) for a next‐generation direct‐to‐device LEO satellite communications constellation. The awards deepen an existing customer relationship, provide near-term revenue, and validate PTF's capability to pursue additional space, defense and other timing‐sensitive opportunities.
LGL completes $41.8M transferable rights offering, issues ~6.06M shares
The LGL Group completed its transferable rights offering, receiving approximately $41.8M gross and issuing 6,062,714 shares, bringing pro forma common shares to about 12.6M outstanding. After the offering, pro forma cash, cash equivalents and marketable securities rise to roughly $88.5M and pro forma book value attributable to common stockholders is about $86.3M, while per-share cash is slightly lower versus March 31.
LGL rights offering subscribed ~92% for $41.7M; final close expected ~July 24
Transferable rights offering received subscriptions for 6,042,031 shares at $6.90 per share (~$41.7M), representing approximately 92.2% of the shares issuable under the offering. Shares will be issued upon closing; the company expects to file final results and close on or about July 24, 2026, and preliminary totals remain subject to guaranteed deliveries, proration and final verification. Timing: The press release does not indicate dilution today; initial share dilution occurs at the offering close (Jul 24, 2026), and once the offering closes those shares have been issued.
LGL unit PTF wins 24‐month contract to supply HaveQuick timing gear for Indo‐Pacific partner military
The LGL Group's portfolio company Precise Time and Frequency (PTF) was awarded a 24‐month contract to deliver advanced communications timing instruments with HaveQuick capability to support a partner‐nation military program in the Indo‐Pacific for GPS‐denied/contested operations. HaveQuick‐enabled precise timing coordinates frequency‐hopping to reduce jamming risk and the award highlights PTF's role supplying synchronization gear that can extend service life and interoperability of legacy and next‐generation radios. The company did not disclose dollar value or unit quantities, so near‐term revenue impact is unclear.