Linkers Industries Announces Full Exercise of Cashless Warrants

Linkers Industries (NASDAQ: LNKS) announced full exercise of its series B cashless warrants issued in the March 2026 public offering.

Rhea-AI Summary

Linkers Industries (NASDAQ: LNKS) announced full exercise of its series B cashless warrants issued in the March 2026 public offering. The offering raised gross proceeds of approximately $16 million. The Cashless Warrants were exercised via the zero exercise price option.

After the 250-for-1 reverse share split effective April 6, 2026, Linkers has 1,521,376 Class A ordinary shares and 250,000 Class B ordinary shares issued and outstanding.

Positive

• Gross proceeds of approximately $16 million from March 2026 offering
• All series B cashless warrants were fully exercised, completing the offering terms
• Post-split capitalization disclosed: 1,521,376 Class A and 250,000 Class B shares

Negative

• 250-for-1 reverse share split effective April 6, 2026 (share consolidation)
• Warrants exercised via zero price resulting in dilutive share issuance

Argus Apr 10 session

+10.71% close to close 21.5x rel. volume Open Argus

Details

News Market Reaction – LNKS

On Apr 10, the day this news came out, LNKS closed 10.71% above the previous close. That session’s volume was 21.5x the stock’s average daily volume.

Data tracked by StockTitan Argus for the Apr 10 session.

Key Figures

Gross proceeds: $16 million Reverse share split: 250-for-1 Class A shares out: 1,521,376 shares +3 more

Gross proceeds

$16 million

March 2026 public offering

Reverse share split

250-for-1

Effective April 6, 2026

Class A shares out

1,521,376 shares

Post-cashless Series B warrant exercise and reverse split

Class B shares out

250,000 shares

Post-cashless Series B warrant exercise and reverse split

Par value per share

$0.0025

Class A and Class B ordinary shares

Zero exercise price option

$0

Cashless Series B warrant exercise method

Historical Context

5 past events · Latest: Apr 01

5 events

1. Apr 01

   Reverse share split

   24h Move

   -46.2%

   1-for-250 reverse share split to lift price and maintain Nasdaq listing.

2. Mar 25

   Acquisition plans

   24h Move

   -19.8%

   Non-binding MOU to raise LPW stake from 20% up to 49%.

3. Mar 23

   Equity offering

   24h Move

   -86.2%

   $16M best-efforts public offering with attached Series A and B warrants.

4. Mar 02

   Nasdaq compliance

   24h Move

   +21.4%

   Regained compliance with Nasdaq minimum $1.00 bid requirement.

5. Oct 31

   LPW stake purchase

   24h Move

   -3.5%

   Acquired 20% of LPW Electronics to expand Thailand footprint and customers.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

cashless warrants, warrants, zero exercise price, reverse share split

4 terms

cashless warrants financial

"announced that all series B warrants (the “Cashless Warrants”) to purchase the Company’s"

A cashless warrant lets the holder convert the right to buy a company's shares into stock without paying cash by instead receiving a reduced number of shares equal in value to the difference between the market price and the strike price. Think of it like claiming store credit instead of paying cash: you get less product but don’t hand over money. Investors watch cashless warrants because they can increase the number of outstanding shares and change ownership percentages, which can dilute earnings per share and affect share price expectations.

warrants financial

"The Cashless Warrants were issued by the Company in its March 2026 public offering,"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

View in glossary

zero exercise price financial

"The Cashless Warrants were exercised by means of the “zero exercise price” option"

A zero exercise price is an option, warrant or award that lets the holder convert it into company shares without paying any cash, essentially a free voucher for stock. It matters to investors because it increases the number of shares outstanding and can reduce the value of existing shares, while also triggering specific accounting and tax consequences; think of it like handing out complimentary tickets that still change how crowded the room becomes.

reverse share split financial

"after giving effect to the 250-for-1 reverse share split of the Company effective"

A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SUNGAI PETANI, Malaysia, April 10, 2026 (GLOBE NEWSWIRE) -- via IBN – Linkers Industries Limited (NASDAQ: LNKS) (the “Company”), a manufacturer and supplier of wire and cable harnesses with operations in Malaysia, today announced that all series B warrants (the “Cashless Warrants”) to purchase the Company’s Class A ordinary shares, par value $0.0025 per share (the “Class A Ordinary Shares”), have been fully exercised.

The Cashless Warrants were issued by the Company in its March 2026 public offering, in which the Company raised gross proceeds of approximately $16 million, before deducting placement agent fees and other expenses paid by the Company.  The Cashless Warrants were exercised by means of the “zero exercise price” option included therein. 

Upon full exercise of the Cashless Warrants and after giving effect to the 250-for-1 reverse share split of the Company effective on April 6, 2026, the Company has 1,521,376 Class A Ordinary Shares and 250,000 Class B ordinary shares, par value $0.0025 per share, issued and outstanding.

About Linkers Industries Limited

Linkers Industries Limited is a manufacturer and a supplier of wire/cable harnesses with manufacturing operations in Malaysia and has more than 20 years’ experience in the wire/cable harnesses industry. The Company offers customized wire harnesses for different applications and electrics designs. Our customers are generally global brand name manufacturers and original equipment manufacturers in the home appliances, industrial products and automotive industries that are mainly based in the Asia Pacific Region.

For investor and media inquiries, please contact:

Lot A99, Jalan 2A-3, A101 & A102, Jalan 2A,
Kawasan Perusahaan MIEL Sungai Lalang,
08000 Sungai Petani, Kedah Darul Aman, Malaysia

Tel : +60 4 4417802

Email: linkers.ir@linkers-hk.com

InvestorWire Service Contact:
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Linkers Industries (LNKS) announce on April 10, 2026 about cashless warrants?

The company said all series B cashless warrants were fully exercised on April 10, 2026. According to the company, the warrants were exercised using the zero exercise price option issued in March 2026.

How much did Linkers Industries raise in the March 2026 public offering (LNKS)?

Linkers reported gross proceeds of approximately $16 million from the March 2026 offering. According to the company, that figure is before placement agent fees and other offering expenses.

What is Linkers Industries' (LNKS) share count after the April 6, 2026 reverse split?

After the 250-for-1 reverse share split, Linkers has 1,521,376 Class A and 250,000 Class B shares outstanding. According to the company, these counts reflect the warrant exercises and split.

How were the cashless warrants exercised in the Linkers (LNKS) transaction?

The series B warrants were exercised by means of the warrants' zero exercise price option. According to the company, that mechanism was included in the warrants issued in March 2026.

Does the April 10, 2026 announcement affect Linkers (LNKS) shareholder dilution?

Yes; the announcement reports warrant exercises that resulted in issuance of shares and a reverse split. According to the company, outstanding share counts were updated post-exercise and post-split.