Interlink Electronics Announces Conversion of Series A Preferred Stock to Common Stock

Rhea-AI Summary

Interlink Electronics (Nasdaq: LINK) announced a mandatory conversion of all outstanding 8.00% Series A Convertible Preferred Stock into Common Stock, effective upon issuance of this press release on October 15, 2025. Under Section 7 of the Certificate of Designations, the Conversion Conditions were met because the Common Stock closing price equaled or exceeded $10.00 (120% of the Conversion Price) for at least 20 trading days within a 30-trading-day period prior to the announcement. Each outstanding share of Series A Preferred Stock converted into three (3) shares of Common Stock. Stockholders with questions were given a contact: Ryan Hoffman at rhoffman@iefsr.com or (949) 504-4454.

Positive

• Mandatory conversion completed on October 15, 2025
• Each Series A share converted into 3 common shares
• Series A preferred dividends (8.00%) eliminated via conversion

Negative

• Increase in common shares outstanding due to conversion
• Conversion triggered by market price threshold of $10.00

Insights

Capital Structure Analyst

Mandatory conversion of Series A preferred into common increases share count; monitor dilution metrics and conversion mechanics.

The company executed a Mandatory Conversion that converted each share of 8.00% Series A Convertible Preferred Stock into three shares of Common Stock effective as of this press release. The Conversion Conditions required the Common Stock closing price to equal or exceed one hundred twenty percent (120%) of the Conversion Price, or $10.00, for at least twenty (20) Trading Days within a thirty (30) Trading Day window prior to the announcement.

This action alters the company’s capital structure by replacing preferred equity with common equity and will increase the outstanding common share count by the stated conversion ratio. Key dependencies and risks remain the post-conversion share count, any change in voting power, and the ongoing dividend/interest obligations now removed from preferred stock; the press release provides no cash payment or changed debt-like obligations as part of the conversion. Watch the company’s updated outstanding share count and any subsequent filings for exact dilution magnitude in the near term (days-weeks).

FREMONT, Calif., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Interlink Electronics, Inc. (Nasdaq: LINK) (the “Company”), a global leader in sensor technology and printed electronic solutions, announced today the conversion (the “Mandatory Conversion”) of all outstanding shares of 8.00% Series A Convertible Preferred Stock (the “Series A Preferred Stock”) pursuant to and in accordance with Section 7 of the Company’s Certificate of Designations, Preferences, Limitations Restrictions and Relative Rights of Series A Preferred Stock (as amended, the “Certificate of Designations”).

Under Section 7 of the Certificate of Designations, the Company may elect to automatically convert all shares of Series A Preferred Stock into shares of Common Stock of the Company, par value $0.001 per share (“Common Stock”), at any time on or after April 22, 2022 if the closing price of the Common Stock equals or exceeds one hundred twenty percent (120%) of the Conversion Price (as defined in the Certificate of Designations), or $10.00 per share, for at least twenty (20) Trading Days (as defined in the Certificate of Designations) within a period of thirty (30) consecutive Trading Days immediately preceding the business day on which the Company issues a press release announcing the mandatory conversion of Series A Preferred Stock (collectively, all of the foregoing, the “Conversion Conditions”). The foregoing Conversion Conditions have been satisfied, and thus each share of Series A Preferred Stock outstanding immediately prior to the Mandatory Conversion has, effective as of the issuance of this press release, been converted into three (3) shares of Common Stock pursuant to and in accordance with Section 7 of the Certificate of Designations.

Stockholders should direct any questions concerning the Mandatory Conversion to the Company, attention Ryan Hoffman, by email at rhoffman@iefsr.com or by telephone at (949) 504-4454.

About Interlink Electronics, Inc.

Interlink Electronics is a leading provider of sensors and printed electronic solutions, boasting 40 years of success in delivering mission-critical technologies across diverse markets. Our customers, including global blue-chip companies, trust our products and solutions, which span various markets, including medical, industrial, automotive, wearables, IoT, and other specialty markets. Our expertise in materials science, manufacturing, embedded electronics, firmware, and software enables us to create custom solutions tailored to our customers’ unique needs.

We serve our international customer base from our corporate headquarters and proprietary gas sensor production and product development facility in Fremont, California (Silicon Valley area); our Global Product Development and Materials Science Center and distribution and logistics center in Camarillo, California; and our advanced printed-electronics manufacturing facilities in Shenzhen, China; Irvine, Scotland; and Barnsley, England. For more information, please visit www.InterlinkElectronics.com.

Company Contact:
Interlink Electronics, Inc.
Steven N. Bronson, CEO
LINK@IESensors.com
805-623-4184

Investor Relations Contact:
Gateway Group, Inc.
Matt Glover and Clay Liolios
LINK@IESensors.com
949-574-3860

FAQ

What did Interlink Electronics (LINK) announce on October 15, 2025 regarding Series A preferred stock?

Interlink announced the mandatory conversion of all outstanding 8.00% Series A preferred shares into common stock, effective upon the press release.

How many common shares did each Series A preferred share convert into for LINK?

Each outstanding Series A preferred share converted into three (3) shares of common stock.

What price and trading-day criteria triggered the LINK mandatory conversion?

The conversion occurred after the common stock closed at or above $10.00 (120% of the Conversion Price) for at least 20 trading days within 30 consecutive trading days.

When did the mandatory conversion of LINK Series A preferred stock become effective?

The conversion became effective as of the issuance of the press release on October 15, 2025.

Who should LINK stockholders contact with questions about the conversion?

Stockholders were directed to contact Ryan Hoffman at rhoffman@iefsr.com or by phone at (949) 504-4454.