SAN FRANCISCO, February 8, 2011 — ThinkEquity LLC — A Panmure Gordon Company, a leading investment banking boutique focused on growth companies and their investors, is pleased to announce the completion of a public offering of stock for The LGL Group, Inc. (NYSE Amex: LGL)
The Company issued 350,000 shares of common stock at a price of $20.00 per share raising gross proceeds of approximately $7 million. The aggregate number of shares sold reflects and includes the exercise in full by the underwriter of its over-allotment option to purchase 45,652 additional shares of the Company's commons stock.
The LGL Group. Inc. manufactures and markets highly-engineered electronic components used in timing infrastructure equipment for the telecommunications, military, avionics, aerospace, medical, industrial and public safety sectors.
The securities described above were offered by The LGL Group, Inc. pursuant to a shelf registration statement and prospectus supplement filed with and declared effective by the Securities and Exchange Commission. The final prospectus is available at the SEC's website at www.sec.gov, or by contacting ThinkEquity LLC at 600 Montgomery Street, 3rd Floor, San Francisco, CA 94111, Attn: Prospectus Department (415) 249-2935.
T: (212) 468-7083