Linkers Industries prices $16 million public offering

Linkers Industries Limited (NASDAQ: LNKS) announced the pricing of a best efforts public offering with gross proceeds of approximately $16 million, before deducting placement agent fees and other expenses.

The Malaysia-based wire and cable harness manufacturer priced 23,088,023 units at $0.693 per unit. Each unit consists of one Class A ordinary share or a pre-funded warrant, plus two warrants to purchase additional shares at exercise prices of $0.7277 and $1.1781 per share.

The pre-funded warrants are exercisable immediately and expire when fully exercised. Both series of warrants are exercisable immediately upon issuance and expire one year after their issuance date. The securities are being sold together but will be immediately separable and issued separately.

The company stated it intends to use a portion of the net proceeds to finance a potential acquisition of additional equity interests in LPW Electronics Co Ltd, in which it currently owns a 20% stake. The remainder will fund capital expenditures, operating capacity, working capital, general corporate purposes and potential future business combinations or acquisitions.

The offering is expected to close on or about March 24, 2026. Univest Securities, LLC is serving as the sole placement agent for the offering.

The securities are being offered under a registration statement on Form F-1 that was previously filed with and declared effective by the Securities and Exchange Commission.

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