Linkers Industries Limited Announces Receipt of Nasdaq Minimum Bid Price Deficiency Letter
Rhea-AI Summary
Linkers Industries Limited (NASDAQ: LNKS), a Malaysian manufacturer of wire/cable harnesses, has received a second Nasdaq minimum bid price deficiency notice. After failing to maintain the required $1 per share minimum bid price from January 24 to March 7, 2025, the company has been granted an additional 180 days until March 9, 2026 to regain compliance.
If LNKS fails to meet compliance by the extended deadline, it risks delisting from Nasdaq, though it would have the opportunity to appeal to a Hearings Panel. The company, which serves global OEMs in home appliances, industrial products, and automotive industries across the Asia Pacific region, is currently evaluating options to regain compliance.
Positive
- Company granted additional 180-day extension to regain compliance
- Opportunity to appeal to Hearings Panel if compliance is not achieved
Negative
- Risk of delisting from Nasdaq if minimum bid price requirement is not met
- Stock price consistently below $1 minimum requirement since January 2025
- No concrete plan presented to address the compliance issue
News Market Reaction – LNKS
On the day this news was published, LNKS gained 11.11%, reflecting a significant positive market reaction. Argus tracked a peak move of +16.4% during that session. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $769K to the company's valuation, bringing the market cap to $8M at that time.
Data tracked by StockTitan Argus on the day of publication.
New York, Sept. 12, 2025 (GLOBE NEWSWIRE) -- Linkers Industries Limited (Nasdaq: LNKS) (the “Company”), a manufacturer and a supplier of wire/cable harnesses with operation in Malaysia, today announced receipt of Nasdaq Minimum Bid Price Deficiency Letter.
On March 10, 2025, Linkers Industries Limited (the “Company”) received a letter from the Listing Qualifications staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that based on the closing bid price of the Company for the period from January 24, 2025 to March 7, 2025, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of
On September 9, 2025, the Company received a letter from Nasdaq notifying the Company that the Company is eligible for an additional 180 calendar day period, or until March 9, 2026, to regain compliance. If compliance cannot be demonstrated by March 9, 2026, Nasdaq staff will provide written notification that the Company’s securities will be delisted. At that time, the Company may appeal Nasdaq staff’s determination to a Hearings Panel.
The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement.
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 (“OEMs”) in the home appliances, industrial products and automotive industries that are mainly based in the Asia Pacific Region.
FORWARD-LOOKING STATEMENTS
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, including the trading of its Ordinary Shares or the closing of the Offering. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. 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. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to read the risk factors contained in the Company’s final prospectus and other reports it files with the SEC before making any investment decisions regarding the Company’s securities. 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.
Contacts
Linkers Industries Limited Investor Relations 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
FAQ
What is the deadline for Linkers Industries (LNKS) to regain Nasdaq compliance?
Why did Linkers Industries (LNKS) receive a Nasdaq deficiency notice?
What happens if Linkers Industries (LNKS) fails to meet Nasdaq's minimum bid requirement?
What is Linkers Industries' (LNKS) main business?
What options does Linkers Industries (LNKS) have to regain Nasdaq compliance?
