Linkage Global Inc. Announces $1 Million Private Placement Financing to Support Strategic Growth and Operational Expansion

Rhea-AI Summary

Linkage Global (NASDAQ: LGCB) announced a $1.0 million private investment in public equity (PIPE) financing priced at US$1.45 per share for an aggregate of 689,655 Class A ordinary shares. The securities purchase agreement was entered on Nov 24, 2025, and the financing is expected to close on or before Dec 3, 2025 subject to customary closing conditions.

The shares will be sold under Regulation S and have not been registered under the Securities Act; the company agreed to file a registration statement to permit resale. Net proceeds are intended for general corporate purposes, including working capital and expansion of cross-border sales operations.

Positive

• $1.0M gross proceeds via PIPE financing
• Issuance of 689,655 Class A shares at $1.45 each
• Company agreed to file an SEC registration statement for resale

Negative

• Issued shares create immediate dilution for existing shareholders
• Sale under Reg S restricts U.S. resale until registration is effective
• Gross proceeds reduced by fees and offering expenses

News Market Reaction

+0.50%

1 alert

+0.50% News Effect

On the day this news was published, LGCB gained 0.50%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

PIPE gross proceeds: US$1,000,000 PIPE share price: US$1.45 per share Shares issued: 689,655 Class A Ordinary Shares +5 more

8 metrics

PIPE gross proceeds US$1,000,000 Private placement announced Nov 26, 2025

PIPE share price US$1.45 per share Pricing of Class A Ordinary Shares in PIPE

Shares issued 689,655 Class A Ordinary Shares Aggregate shares to be sold in PIPE

Expected closing date On or before December 3, 2025 Target closing for PIPE financing

Lock-up period 180 days Resale restriction on PIPE shares from closing date (6-K)

Registration filing deadline 45 days Deadline to file resale registration statement after agreement (6-K)

Effectiveness deadline 90–120 days Target window for registration effectiveness, depending on SEC review (6-K)

Pre-news share price $2.02 Price before PIPE announcement context, 24h move -0.49%

Market Reality Check

Price: $1.50 Vol: Volume 10,636 is at 0.15x...

low vol

$1.50 Last Close

Volume Volume 10,636 is at 0.15x the 20-day average of 70,481, indicating limited pre-news activity. low

Technical Shares traded at $2.02, slightly below the $2.13 200-day MA, reflecting a modestly weak longer-term trend.

Peers on Argus

Peers showed mixed moves, from -8.47% (MI) to +5.36% (MOGU), while LGCB was down...

Peers showed mixed moves, from -8.47% (MI) to +5.36% (MOGU), while LGCB was down 0.49%, pointing to stock-specific dynamics rather than a broad Internet Retail move.

Historical Context

5 past events · Latest: Dec 03 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 03	PIPE closing	Neutral	+0.2%	Closed previously announced PIPE, confirming <b>$1.0M</b> gross proceeds at <b>$1.45</b>.
Dec 01	Acquisition LOI	Positive	-0.3%	Signed LOI to acquire Cicada Tech for <b>$60M</b> in cash and shares.
Nov 26	PIPE announcement	Neutral	+0.5%	Announced <b>$1.0M</b> PIPE under Regulation S at <b>$1.45</b> per share.
Jul 18	Convertible note deal	Positive	+4.8%	Secured <b>$3.5M</b> convertible note with framework for up to <b>$30M</b>.
Jul 03	H1 2025 earnings	Negative	+0.0%	Reported <b>$3.50M</b> revenue and widened net loss of <b>$3.09M</b>.

Pattern Detected

Recent capital-raising announcements (PIPE and convertible note) generally coincided with flat-to-positive price reactions, while strategic and earnings updates have seen more mixed or muted responses.

Recent Company History

This announcement continues a pattern of financing activity for Linkage Global. In July 2025, the company arranged a $3.5 million convertible note with a framework for up to $30 million, followed by challenging H1 2025 earnings with revenue of $3.50 million and a net loss of $3.09 million. More recently, LGCB signed a $60 million LOI acquisition and announced this $1.0 million PIPE on Nov 26, 2025, which later closed on Dec 3, 2025.

Market Pulse Summary

This announcement adds another funding milestone, with a $1.0 million PIPE at $1.45 per share for 68...

Analysis

This announcement adds another funding milestone, with a $1.0 million PIPE at $1.45 per share for 689,655 shares under Regulation S. Proceeds are earmarked for working capital and expansion of cross-border operations, building on July’s $3.5 million convertible note framework and prior financing steps. Investors may focus on how efficiently this capital narrows the H1 2025 net loss of $3.09 million and supports growth execution.

Key Terms

private investment in public equity, PIPE, Regulation S, registration statement

4 terms

private investment in public equity financial

"is pleased to announce the pricing of a private investment in public equity (the "PIPE")"

Private investment in public equity occurs when investors buy shares directly from a company that is publicly traded, often at an early stage or at a discount, instead of purchasing them on the open market. This allows investors to acquire a stake more quickly and with potentially better terms, which can influence the company's future growth and stability—making it an important option for those seeking to support or benefit from a company's development.

PIPE financial

"the pricing of a private investment in public equity (the "PIPE") financing"

A "pipe" is a planned series of financial transactions or projects that companies intend to carry out over time, often involving the raising of funds or development of new assets. It matters to investors because it provides a clear picture of a company's future growth plans and potential revenue, helping them assess the company's upcoming opportunities and overall stability. Think of it as a detailed roadmap guiding a company's future steps.

Regulation S regulatory

"sold in a private placement pursuant to Regulation S under the Securities Act of 1933"

Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

registration statement regulatory

"The Company has agreed to file a registration statement with the SEC to register the resale"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

AI-generated analysis. Not financial advice.

TOKYO, JAPAN, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Linkage Global Inc (NASDAQ: LGCB) ("Linkage Global" or the "Company"), a cross-border e-commerce integrated services provider headquartered in Japan, is pleased to announce the pricing of a private investment in public equity (the "PIPE") financing. On November 24, 2025, the Company entered into a securities purchase agreement pursuant to which it will issue and sell an aggregate of 689,655 Class A Ordinary Shares to an investor at a price of US$1.45 per share. The offering will result in total gross proceeds of approximately US$1,000,000 before deducting fees and offering expenses payable by the Company.

Subject to customary closing conditions, the PIPE is expected to close on or before December 3, 2025. The securities will be sold in a private placement pursuant to Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). The shares have not been registered under the Securities Act and may not be offered or sold in the United States absent registration with the U.S. Securities and Exchange Commission (the "SEC") or an applicable exemption from such registration requirements. The Company has agreed to file a registration statement with the SEC to register the resale of the Class A Ordinary Shares issued in this offering.

The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital needs and expansion of its cross-border sales operations.

"This PIPE financing represents an important milestone for Linkage Global as we continue to strengthen our financial position and pursue our strategic objectives," said Yang (Angela) Wang, Chief Executive Officer of Linkage Global Inc. "This capital infusion will provide us with additional flexibility to support our business development and operations as we expand our cross-border e-commerce platform. We remain committed to creating long-term value for our shareholders while advancing our growth strategy."

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities referred to in this press release, nor will there be any sale of any such securities in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Linkage Global Inc

Linkage Global Inc is a holding company incorporated in the Cayman Islands with no operations of its own. Linkage Global conducts its operations through its operating subsidiaries in Japan, Hong Kong, and mainland China. As a cross-border e-commerce integrated services provider headquartered in Japan, through its operating subsidiaries, the Company has developed a comprehensive service system comprised of two lines of business complementary to each other, including (i) cross-border sales and (ii) integrated e-commerce services.

For more information, please visit www.linkagecc.com. Information on the Company's website does not constitute a part of and is not incorporated by reference into this press release.

Safe Harbor Statement

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "assesses," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's annual reports on Form 20-F and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Investor Relations
WFS Investor Relations Inc.
Connie Kang, Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742

FAQ

What did Linkage Global (LGCB) announce on November 24, 2025?

Linkage Global entered a securities purchase agreement to sell 689,655 Class A shares at $1.45 per share for approximately $1.0M gross proceeds.

When is the LGCB PIPE expected to close and what are the conditions?

The PIPE is expected to close on or before December 3, 2025, subject to customary closing conditions.

How will Linkage Global (LGCB) use proceeds from the $1.0M PIPE?

The company intends to use net proceeds for general corporate purposes, including working capital and cross-border sales expansion.

Are the LGCB shares from the PIPE immediately tradable in the U.S.?

No. The shares were sold under Regulation S and are not registered under the Securities Act; the company agreed to file a registration statement to enable resale.

How many shares did LGCB agree to issue and at what price?

LGCB agreed to issue 689,655 Class A ordinary shares at $1.45 per share.