LGL Group completes subscription rights offering, issues 6,062,714 shares
LGL•Subscription rights offering completed
The LGL Group completed its transferable subscription rights offering, which expired July 15.
- Issued 6,062,714 common shares, equal to 92.6% of the 6,550,435 shares offered.
- Gross proceeds totaled about USD 41.8 million before estimated offering expenses.
- Shares were issued July 23; common shares outstanding now stand at about 12.6 million.
