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Linkers Industries Limited Announces Pricing of Initial Public Offering and Listing on Nasdaq
New York, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Linkers Industries Limited (Nasdaq: LNKS) (the “Company”), a manufacturer and a supplier of wire/cable harnesses
About this update from Linkers Industries Limited
[{"type":"text","content":"New York, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Linkers Industries Limited (Nasdaq: LNKS) (the “Company”), a manufacturer and a supplier of wire/cable harnesses with operation in Malaysia, today announced the pricing of its initial public offering (the “Offering”) of 1,900,000 Class A ordinary shares (the “Class A Ordinary Shares”), at a price of $4.00 per Ordinary Share (the “Offering Price”). The Class A Ordinary Shares are expected to begin trading on the Nasdaq Capital Market on December 5, 2024 under the symbol “LNKS”. The Offering is expected to close on December 6, 2024, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds to acquire companies and/or form joint ventures within the value chain of the wire/cable harnesses industry; to purchase machinery/equipment; to promote marketing and set up global sales offices, particularly in the U.S.; and to fund working capital. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 285,000 Class A Ordinary Shares of the Company, at the Offering Price, less underwriting discounts. The Offering is conducted on a firm commitment basis. R. F. Lafferty & Co., Inc. is acting as the representative of the underwriters, with Revere Securities LLC acting as the co-underwriter (collectively, the “Underwriters”). Loeb & Loeb LLP is acting as the U.S. legal counsel to the Company and VCL Law LLP is acting as the U.S. legal counsel to the Underwriters for the Offering. The Offering is being conducted pursuant to the Company’s Registration Statement on Form F-1 (File No. 333-279752), as amended, previously filed with, and subsequently declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on December 3, 2024. The Offering is being made only by means of a prospectus, forming a part of the registration statement. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, electronic copies of the prospectus relating to the Offering may be obtained, when available, from R. F. Lafferty & Co., Inc., by email at [email protected], by standard mail to R. F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005 USA, or from Revere Securities LLC by email at [email protected], by standard mail to Revere Securit...