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Linkers Industries Announces Pricing of $16 Million Best Efforts Public Offering
SUNGAI PENTANI, Malaysia, March 23, 2026 (GLOBE NEWSWIRE) -- Linkers Industries Limited (NASDAQ: LNKS) (the “Company”), a manufacturer and supplier of wire
About this update from Linkers Industries Limited
[{"type":"text","content":"SUNGAI PENTANI, Malaysia, March 23, 2026 (GLOBE NEWSWIRE) -- Linkers Industries Limited (NASDAQ: LNKS) (the “Company”), a manufacturer and supplier of wire and cable harnesses with operations in Malaysia, today announced the pricing of a best efforts public offering with gross proceeds to the Company of approximately $16 million, before deducting placement agent fees and other estimated expenses payable by the Company. The offering is comprised of 23,088,023 units consisting of one of the Company’s Class A ordinary shares (“Ordinary Shares”) (or a pre-funded warrant to purchase one Ordinary Share in lieu thereof), one Series A Warrant to purchase one Ordinary Share at an initial exercise price of $0.7277 per share (the “Series A Warrants”) and one Series B Warrant to purchase one Ordinary Share at an initial exercise price of $1.1781 per share, (the “Series B Warrants” and, together with the Series A Warrants, the “Warrants”). The pre-funded warrants are exercisable immediately upon issuance and expire when exercised in full. The Series A Warrants are exercisable immediately upon issuance and will expire on the one-year anniversary of their issuance date and the Series B Warrants are exercisable immediately upon issuance and will expire on the one-year anniversary of their issuance date. The purchase price of each unit is $0.693, and the purchase price of each pre-funded unit is such price minus $0.00001. The Ordinary Shares, pre-funded warrants, Series A Warrants and Series B Warrants as part of the units or the pre-funded units are being sold together but are immediately separable and issued separately. The Company intends to use a portion of the net proceeds to finance its potential acquisition of additional equity interests in LPW Electronics Co Ltd, of which it currently owns 20% of the outstanding shares, and the remainder for capital expenditures, operating capacity, working capital, general corporate purposes and potential business combinations or acquisitions in the future. The offering is expected to close on or about March 24, 2026. Univest Securities, LLC is acting as sole placement agent for the offering. The securities described above are being offered by the Company pursuant to a registration statement on Form F-1 (File No. 333-294360) (the “Registration Statement”) previously filed and declared effective, by the ...