Linkers Industries Limited (NASDAQ: LNKS) announced the pricing of a best-efforts public offering expected to generate approximately $16 million in gross proceeds. The offering consists of 23,088,023 units priced at $0.693 per unit, each comprising one Class A ordinary share (or pre-funded warrant) and accompanying Series A and Series B warrants. The closing is anticipated on or about March 24, 2026.
The company stated that proceeds will be used in part to support a potential increase in its equity stake in LPW Electronics Co. Ltd., where it currently holds 20%. The balance will be allocated to capital expenditures, working capital, and general corporate purposes. This strategic move signals Linkers' intent to deepen its involvement in LPW Electronics, which could enhance its manufacturing capabilities and market reach.
Linkers Industries is a manufacturer and supplier of wire and cable harnesses with operations in Malaysia and over 20 years of industry experience. The company offers customized wire harnesses for various applications and electrical designs, serving global brand name manufacturers and original equipment manufacturers in the home appliances, industrial products, and automotive industries, primarily based in the Asia Pacific region.
The offering is being conducted on a best-efforts basis, meaning the underwriter is not obligated to purchase any unsold securities. This approach places the risk of undersubscription on the company but allows for flexibility in capital raising. The pricing at $0.693 per unit reflects a discount to recent trading levels, potentially attracting investors seeking exposure to the manufacturing sector.
For the full press release, visit https://ibn.fm/ouEIX. More information about Linkers Industries is available at https://www.linkers-hk.com/.
