Merchant Investment

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The LGL Group, Inc. Announces Effectiveness of Post-Effective Amendment to Form S-1
Newsfile· 2025-06-24 20:15
Core Viewpoint - The LGL Group, Inc. has announced that the Post-Effective Amendment to Form S-1 was declared effective by the SEC, allowing warrant holders to exercise their warrants under the Basic Warrant Exercise Rights [1] Company Information - The LGL Group, Inc. is a holding company engaged in services, merchant investment, and manufacturing business activities, with Precise Time and Frequency, LLC as a key subsidiary producing industrial electronic instruments [5] - The company was incorporated in 1928 in Indiana and later reincorporated in Delaware in 2007, with its executive offices located in Orlando, Florida [6] - LGL Group's common stock and warrants are traded on the NYSE American under the symbols "LGL" and "LGL WS," respectively [6] Warrant Exercise Details - Warrant holders can exercise their warrants from October 16, 2025, to November 16, 2025, with the expiration date set for November 17, 2025 [2] - During the Over-Subscription Period, warrant holders may also subscribe for shares issuable from any unexercised warrants as of the Over-Subscription Deadline [2] Warrant Agent Information - Computershare Inc. serves as the warrant agent for LGL Group, and all inquiries regarding the warrants should be directed to them [4]
The LGL Group, Inc. Reports First Quarter 2025 Results
Newsfile· 2025-05-15 20:20
Core Viewpoint - The LGL Group, Inc. reported a slight increase in total revenues for Q1 2025, but experienced a net loss attributable to common stockholders, primarily due to increased costs and lower investment income [2][17]. Financial Results - Total revenues rose by $30,000 to $918,000 for Q1 2025 compared to $888,000 in Q1 2024, driven by higher shipments in the Electronic Instruments segment [2]. - Net loss attributable to common stockholders was ($6,000) for Q1 2025, a decrease from net income of $21,000 in Q1 2024 [2][17]. - Gross margin improved to 52.4% in Q1 2025 from 48.0% in Q1 2024, reflecting a better product mix [3]. Backlog and Liquidity - As of March 31, 2025, the order backlog was $295,000, down $41,000 from $336,000 as of December 31, 2024, with most shipments expected within the next 90 days [4]. - Current assets were $42,820,000 and current liabilities were $1,013,000 as of March 31, 2025, resulting in working capital of $41,807,000 [5]. Segment Performance - Revenues from the Electronic Instruments segment increased by 27% to $498,000 in Q1 2025, while Merchant Investment revenues decreased by 14.5% to $247,000 [18]. - Total expenses rose to $877,000 in Q1 2025, up from $809,000 in Q1 2024, with significant increases in manufacturing costs and engineering, selling, and administrative expenses [18]. Board of Directors Changes - Michael J. Ferrantino, Jr. and Timothy Foufas will not seek re-election to the Board of Directors, focusing instead on the Connectivity Partnership [6]. Cash and Investments - Cash and cash equivalents, along with marketable securities, totaled $42.0 million as of March 31, 2025, with $24.9 million held in the Merchant Investment business [7].