Interlink converts Series A preferred 3:1 into common after $10 trigger
Interlink Electronics, Inc. announced a mandatory conversion of all outstanding 8.00% Series A Convertible Preferred Stock into Common Stock on October 15, 2025, pursuant to Section 7 of its Certificate of Designations.
Rhea-AI Filing Summary
Interlink Electronics, Inc. announced a mandatory conversion of all outstanding 8.00% Series A Convertible Preferred Stock into Common Stock on October 15, 2025, pursuant to Section 7 of its Certificate of Designations. Each preferred share converts into three shares of Common Stock. The company exercised this right after its Common Stock satisfied the trigger condition that it close at or above 120% of the Conversion Price, or $10.00 per share, for 20 trading days within a 30‑day window.
This action removes the Series A Preferred layer from the capital structure and increases the common share count through the 3‑for‑1 conversion ratio. The company issued a press release on the same date confirming the conversion.
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Insights
All Series A preferred converted 3:1 into common after price trigger.
Interlink Electronics effected a mandatory conversion of its 8.00% Series A Convertible Preferred into common shares under the Certificate of Designations. The trigger required the common stock to close at or above 120% of the Conversion Price, or $10.00 per share, for 20 out of 30 trading days before the notice date.
The conversion ratio is three common shares per preferred share, which increases common equity outstanding and eliminates the Series A Preferred class. This simplifies the equity stack and consolidates investor exposure into common stock.
The immediate impact depends on the number of preferred shares previously outstanding, which is not detailed in the excerpt. Subsequent disclosures may quantify the resulting common share increase and any related capitalization updates as of October 15, 2025.
8-K Event Classification
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