LGL Group Extends Expiration Of Warrants To Purchase Common Stock At $4.75/Share, Granted On November 16, 2020, Until December 30, 2025

The LGL Group, Inc. (NYSE:LGL) (NYSE:LGL) ("LGL Group" or the "Company") today announced that its Board of Directors has extended the expiration of the warrants to purchase shares of LGL Group's common stock, par value $0.01 per share (the "Common Stock"), granted on November 16, 2020 (the "Warrants"), until 5:00 p.m. Eastern Time on Tuesday December 30, 2025. The Warrants were previously scheduled to expire on December 16, 2025. All other terms and conditions of the Warrants remain unchanged.

The Warrants contain the following terms:

• Five (5) Warrants to purchase one (1) share of Common Stock;
• Common Stock can be purchased at a strike price of $4.75 per share;
• Over-subscription privilege available to Warrant holders who exercise their Warrants in full, whereby such Warrant holder subscribes for any or all of the shares issuable pursuant to any unexercised Warrants on the terms and subject to the conditions set forth in the Warrant Agreement, as amended; and
• No fractional shares will be issued.