Interlink Electronics, Inc. Announces Execution of Non-Binding Letter of Intent For Potential Strategic Acquisition

About this update from Interlink Electronics, Inc.

Completed Transaction Would Advance Strategic Growth and Expand Capabilities Across Critical Industries FREMONT, Calif., May 11, 2026 (GLOBE NEWSWIRE) -- Interlink Electronics, Inc. (Nasdaq: LINK) (“Interlink” or the “Company”), a global leader in sensor technology and printed electronic solutions, today announced that it has entered into a non-binding letter of intent (“LOI”) for a potential strategic acquisition. The proposed acquisition target is an established provider of high-performance manufacturing solutions to customers operating in mission-critical sectors, including semiconductor, defense, laser and photonics, commercial high-tech, and aerospace. Based on information made available to the Company by the proposed target, the target generated more than $33 million in revenue and approximately $4 million in EBITDA for 2025. The Company currently expects that, if the proposed transaction is consummated, the consideration would be financed through a combination of indebtedness incurred by the Company and the issuance of equity securities by the Company to the sellers, with the equity valued based on the prevailing market price at the time of closing subject to a minimum price of $5.00 per share and a maximum price of $10.00 per share. The final financing structure, however, remains subject to ongoing evaluation, negotiation, and definitive documentation. Steven N. Bronson, CEO of Interlink, said, “We are pleased to have entered into this non-binding LOI as we continue to evaluate opportunities that may support our long-term strategic growth objectives. If consummated, this potential acquisition would expand our capabilities and enhance our ability to serve customers in critical applications where precision, reliability, and performance are essential.” The LOI is non-binding, and any transaction would remain subject to, among other things, completion of satisfactory due diligence, negotiation and execution of definitive agreements, the agreement of final transaction terms, the availability of financing on acceptable terms, required board, regulatory and third-party approvals, if applicable, and the satisfaction or waiver of conditions to closing customary for transactions of this nature. The parties may terminate discussions at any time, and there can be no assurance that definitive agreements will be entered into or that any transaction contemplated...

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