Linkers Industries Announces Pricing of $16 Million Best Efforts Public Offering

Linkers Industries (NASDAQ: LNKS) priced a best efforts public offering to raise approximately $16 million gross through sale of 23,088,023 units, each unit containing one Class A ordinary share (or a pre-funded warrant) plus Series A and Series B warrants.

Rhea-AI Summary

Linkers Industries (NASDAQ: LNKS) priced a best efforts public offering to raise approximately $16 million gross through sale of 23,088,023 units, each unit containing one Class A ordinary share (or a pre-funded warrant) plus Series A and Series B warrants.

Proceeds are earmarked partly to potentially increase Linkers' stake in LPW Electronics (Linkers currently owns 20%) and for capital expenditures, working capital, general corporate purposes and possible acquisitions. Closing expected on or about March 24, 2026.

Positive

• Gross proceeds of approximately $16 million
• Proceeds may finance larger stake in LPW Electronics (20% current stake)
• Funds allocated for capital expenditures and working capital

Negative

• Issuance of 23,088,023 units will dilute existing shareholders
• Outstanding Series A and B warrants are immediately exercisable, risking further dilution

Argus Mar 23 session

-86.20% close to close Open Argus

Details

News Market Reaction – LNKS

On Mar 23, the day this news came out, LNKS closed 86.20% below the previous close.

Data tracked by StockTitan Argus for the Mar 23 session.

Key Figures

Gross offering proceeds: $16 million Units offered: 23,088,023 units Unit purchase price: $0.693 per unit +5 more

Gross offering proceeds

$16 million

Best efforts public offering, before fees and expenses

Units offered

23,088,023 units

Each unit: 1 share or pre-funded warrant + Series A & B warrants

Unit purchase price

$0.693 per unit

Cash purchase price for each unit in the offering

Series A warrant strike

$0.7277 per share

Initial exercise price for Series A Warrants

Series B warrant strike

$1.1781 per share

Initial exercise price for Series B Warrants

Current LPW stake

20% of shares

Existing ownership in LPW Electronics Co Ltd

Prior LPW purchase price

THB 26,000,000

Consideration for 104,000 LPW shares (20% stake) on Oct 31, 2025

Estimated net proceeds

$16,246,900

Net proceeds estimated in Form F-1 at $0.9864 per Unit

Historical Context

3 past events · Latest: Mar 02

3 events

1. Mar 02

   Nasdaq compliance regained

   24h Move

   +21.4%

   Regained compliance with Nasdaq minimum bid price requirement and closed listing issue.

2. Oct 31

   LPW stake closing

   24h Move

   -3.5%

   Closed purchase of 104,000 LPW shares (20% stake) for THB 26,000,000.

3. Oct 17

   LPW purchase agreement

   24h Move

   +30.4%

   Announced share purchase agreement for 20% equity stake in LPW Electronics.

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

Key Terms

pre-funded warrant, warrants, series a warrant, series b warrant, +4 more

8 terms

pre-funded warrant financial

"one of the Company’s Class A ordinary shares ... (or a pre-funded warrant to purchase one Ordinary Share"

A pre-funded warrant is a financial instrument that gives the holder the right to buy shares of a company's stock at a set price, with most of the purchase cost already paid upfront. It functions like a nearly fully paid option, allowing investors to secure shares quickly while minimizing the amount of additional money they need to invest later. This helps investors gain ownership rights efficiently, often used to avoid certain regulatory restrictions or to prepare for future stock purchases.

warrants financial

"Series A Warrant to purchase one Ordinary Share ... and one Series B Warrant ... (the “Warrants”)"

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

series a warrant financial

"one Series A Warrant to purchase one Ordinary Share at an initial exercise price of $0.7277 per share"

A Series A warrant is a contract issued alongside a company’s early funding round that gives the holder the right to buy a set number of shares later at a fixed price. Think of it like a coupon that lets an investor purchase stock at today’s agreed price even if the company’s value rises; it can boost potential upside for the warrant holder and create dilution for existing shareholders, so investors watch them when assessing ownership and future share value.

series b warrant financial

"one Series B Warrant to purchase one Ordinary Share at an initial exercise price of $1.1781 per share"

A Series B warrant is a tradable right issued alongside a Series B funding round that lets its holder buy a specified number of company shares at a fixed price for a set period. It matters to investors because exercising the warrant increases the total shares outstanding (dilution) and can be a cheap way to gain ownership if the company’s value rises — think of it like a coupon to buy stock later at today’s price.

registration statement on form f-1 regulatory

"pursuant to a registration statement on Form F-1 (File No. 333-294360)"

A registration statement on Form F-1 is a legal document companies file with regulators to offer their shares to investors in a foreign country or market. It provides essential information about the company's business, finances, and risks, helping investors make informed decisions about whether to buy its stock. This process ensures transparency and protects investors by making company details publicly available before trading begins.

prospectus regulatory

"The offering is being made only by means of a preliminary prospectus which is a part of the Registration Statement."

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

placement agent financial

"Univest Securities, LLC is acting as sole placement agent for the offering."

A placement agent is a professional or firm that helps organizations raise money from investors, such as individuals, institutions, or funds. They act like matchmakers, connecting those seeking investments with the right investors and guiding the process to ensure successful funding. For investors, they can provide access to exclusive opportunities and help navigate complex fundraising efforts.

best efforts public offering financial

"announced the pricing of a best efforts public offering with gross proceeds"

A best efforts public offering is a way a company sells new shares or bonds where the broker or bank agrees to try to sell as many securities as possible but does not promise to buy any unsold portion. Think of it like a salesperson taking items on consignment: they will work to sell them, but the seller bears the risk if some remain unsold. For investors, this matters because it can signal weaker demand and greater uncertainty about how many securities will actually be placed and how the price may move.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Proceeds To Support Potential LPW Electronics Stake Increase and General Corporate Purposes; Closing Expected March 24, 2026

SUNGAI PENTANI, Malaysia, March 23, 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 the pricing of a best efforts public offering with gross proceeds to the Company of approximately $16 million, before deducting placement agent fees and other estimated expenses payable by the Company.

The offering is comprised of 23,088,023 units consisting of one of the Company’s Class A ordinary shares (“Ordinary Shares”) (or a pre-funded warrant to purchase one Ordinary Share in lieu thereof), one Series A Warrant to purchase one Ordinary Share at an initial exercise price of $0.7277 per share (the “Series A Warrants”) and one Series B Warrant to purchase one Ordinary Share at an initial exercise price of $1.1781 per share (the “Series B Warrants” and, together with the Series A Warrants, the “Warrants”). The pre-funded warrants are exercisable immediately upon issuance and expire when exercised in full. The Series A Warrants are exercisable immediately upon issuance and will expire on the one-year anniversary of their issuance date and the Series B Warrants are exercisable immediately upon issuance and will expire on the one-year anniversary of their issuance date.

The purchase price of each unit is $0.693, and the purchase price of each pre-funded unit is such price minus $0.00001. The Ordinary Shares, pre-funded warrants, Series A Warrants and Series B Warrants as part of the units or the pre-funded units are being sold together but are immediately separable and issued separately.

The Company intends to use a portion of the net proceeds to finance its potential acquisition of additional equity interests in LPW Electronics Co Ltd, of which it currently owns 20% of the outstanding shares, and the remainder for capital expenditures, operating capacity, working capital, general corporate purposes and potential business combinations or acquisitions in the future. The offering is expected to close on or about March 24, 2026.

Univest Securities, LLC is acting as sole placement agent for the offering.

The securities described above are being offered by the Company pursuant to a registration statement on Form F-1 (File No. 333-294360) (the “Registration Statement”) previously filed and declared effective by the Securities and Exchange Commission (the “SEC”). The offering is being made only by means of a preliminary prospectus which is a part of the Registration Statement. A final prospectus relating to the offering will be filed with the SEC and, once filed, will be available on the SEC’s website at www.sec.gov. Electronic copies of the final prospectus relating to this offering may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

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

About Linkers Industries Limited

Linkers Industries Limited is a manufacturer and a supplier of wire/cable harnesses with manufacturing operations in Malaysia and have more than 20 years’ experience in the wire/cable harnesses industry. The Company offers customized wire harness 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.

Forward-Looking Statements

This press release may contain “forward‐looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on the beliefs and assumptions and on information currently available to management of the Company. All statements other than statements of historical fact contained in this press release are forward-looking statements, including statements regarding the completion and timing of the offering, the anticipated total gross proceeds from the offering and the uses thereof. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, the risks and uncertainties related to global economic or market conditions, changes in the operating plans or funding requirements, satisfaction of customary closing conditions related to the offering and the risks and uncertainties set forth in the "Risk Factors" section of the Company’s Annual Report on Form 20-F for the year ended June 30, 2025, and subsequent reports that the Company files with the SEC. Forward-looking statements represent the Company’s beliefs and assumptions only as of the date of this press release. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. Except as required by law, the Company assumes no obligation to publicly update any forward‐looking statements for any reason after the date of this press release to conform any of the forward-looking statements to actual results or to changes in its expectations

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.

How much is Linkers Industries (LNKS) raising in the March 2026 offering?

Linkers is raising approximately $16 million gross from the unit offering. According to the company, the offering comprises 23,088,023 units priced at $0.693 per unit before placement agent fees and expenses.

When is the Linkers Industries (LNKS) public offering expected to close?

The offering is expected to close on or about March 24, 2026. According to the company, closing timing is subject to customary conditions and finalization of placement agent procedures.

How will Linkers Industries (LNKS) use the proceeds from the offering?

A portion of proceeds may finance a potential increase in Linkers' stake in LPW Electronics; remaining proceeds support capital expenditures and general corporate purposes. According to the company, funds may also support working capital and potential acquisitions.

What are the warrant terms included in the LNKS units and shareholder impact?

Each unit includes Series A and Series B warrants exercisable immediately with one-year expirations, creating potential future dilution. According to the company, Series A exercise price is $0.7277 and Series B is $1.1781 per share.

How many units and what unit price did Linkers (LNKS) set for the offering?

The company offered 23,088,023 units at a unit price of $0.693 (pre-funded unit price reduced by $0.00001). According to the company, units separate into ordinary shares/pre-funded warrants and two warrant series upon issuance.