LGL Group Inc. filed SEC Form 8-K: Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

false 0000061004 0000061004 2025-01-17 2025-01-17 0000061004 lgl:CommonStockParValue001CustomMember 2025-01-17 2025-01-17 0000061004 lgl:WarrantsToPurchaseCommonStockParValue001CustomMember 2025-01-17 2025-01-17

 

 

 

Date of report (Date of earliest event reported): January 17, 2025

 

 

 

Registrant’s Telephone Number, Including Area Code: (407) 298-2000

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

On January 17, 2025, The LGL Group, Inc. (“LGL Group” or the “Company”) announced the launch of a connectivity partnership (the “Partnership”) as part of its broader merchant investment strategy. The Partnership will seek to make influential operating investments in the radio frequency (“RF”) ecosystem and will include hardware, software, and service-related opportunities.

 

The Partnership will be a subsidiary of Lynch Capital International, LLC (“Lynch Capital”), a wholly owned subsidiary of LGL Group, and will serve the interests of its founding members in a strategic fashion. The verticals of coverage will include smart agriculture, healthcare, communications, big data, and others amongst its universe.

 

It is expected that Timothy Foufas and Michael Ferrantino, Jr. will play a central role in the development of the Partnership along with several other members of the LGL Group management team.

 

Precise Time and Frequency LLC (“PTF”), a globally positioned producer of industrial electronic instruments and commercial products and services, including testing and measurements, and a wholly owned subsidiary of LGL Group, will be an initial platform company of focus for building this RF vertical.

 

The Partnership will be raising capital, culling investment opportunities in Q1 2025, and will start with a founding investment from Lynch Capital and its partners.

 

The information furnished pursuant to this Item 7.01 of this Current Report on Form 8-K, including the exhibits hereto, shall not be considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any future filings by the Company under the Securities Act of 1933, as amended, or under the Exchange Act, unless the Company expressly sets forth in such future filing that such information is to be considered "filed" or incorporated by reference therein.

 

 

The information included in Item 7.01 is incorporated by reference into this Item 8.01.

 

 

 

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.