Press Releases
ThinkEquity LLC acts as Sole Underwriter for the Follow-On Offering for The LGL Group, Inc.
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.
ThinkEquity Contact:
Janet Faleski
Managing Director
T: (212) 468-7083
E: jfaleski@thinkequity.com
Media enquiries:
Nathaniel Webb
Group Communications and Investor Relations Director
T: +44 20 7614 8333
E: nathaniel.webb@panmure.com
About ThinkEquity LLC — A Panmure Gordon Company
Focused on the growth sectors of the economy, ThinkEquity provides research, equity financing, M&A advisory, institutional sales and trading, wealth management and asset management services to institutional investors, corporate and private clients, venture capitalists, entrepreneurs and financial sponsors. As a Panmure Gordon company, ThinkEquity accesses the combined financial expertise of professionals based in San Francisco, New York, Boston, Chicago, London, Liverpool and Geneva. Research-driven, we remain true to our founding principles: the power of growth, focus, deep domain expertise and people. www.thinkequity.com
About the Panmure Gordon Group
Founded in 1876, Panmure Gordon & Co. (PMR.L) is a leading independent institutional stockbroker and investment bank. Encompassing its US franchise, ThinkEquity, LLC, the Group employs approximately 240 professionals across the US, the UK, Singapore and Nyon, Switzerland, offering a blend of transatlantic financial services including research, sales and trading, wealth management and asset management. www.panmure.com