Item 7.01.
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Regulation FD Disclosure
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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.