Linkers Industries Limited (NASDAQ: LNKS), a manufacturer and supplier of wire and cable harnesses, announced the pricing of a best-efforts public offering. The offering is expected to generate gross proceeds of approximately $16 million through the sale of 23,088,023 units at $0.693 per unit. Each unit consists of one Class A ordinary share (or pre-funded warrant) and accompanying Series A and Series B warrants.
The company stated that a portion of the net proceeds will be used to support a potential increase in its equity stake in LPW Electronics Co. Ltd., where it currently holds a 20% interest. The remaining funds will be allocated to capital expenditures, working capital, and general corporate purposes. The offering is expected to close on or about March 24, 2026, subject to customary closing conditions.
This move allows Linkers to strengthen its strategic investment in LPW Electronics, which could enhance its supply chain or manufacturing capabilities. The additional capital also provides flexibility for operational investments and growth initiatives. The offering is a best-efforts arrangement, meaning the underwriters are not obligated to purchase any unsold securities, which places the risk on the company to secure the full amount. However, the pricing at $0.693 per unit reflects a discount to the recent trading price, potentially attracting investors.
Linkers Industries has over 20 years of experience in the wire and cable harness industry, with manufacturing operations in Malaysia. The company serves global brand name manufacturers and original equipment manufacturers in the home appliances, industrial products, and automotive industries, mainly in the Asia Pacific region. The success of this offering could provide the necessary resources to expand its market presence and technological capabilities.
For more details, the full press release is available at https://ibn.fm/ouEIX.
