Linkers Industries Limited (NASDAQ: LNKS), a Malaysia-based manufacturer and supplier of wire and cable harnesses, announced that all Series B cashless warrants issued in its March 2026 public offering have been fully exercised. The warrants, which had a zero exercise price, were exercised in connection with the company's approximately $16 million financing. Following the exercise and the company's 250-for-1 reverse share split effective April 6, 2026, Linkers Industries now has 1,521,376 Class A ordinary shares and 250,000 Class B ordinary shares issued and outstanding.
The full exercise of the warrants reflects investor confidence in Linkers Industries' business prospects and provides the company with additional working capital. The company, which has over 20 years of experience in the wire and cable harnesses industry, offers customized wire harnesses for various applications and electric designs. Its customers are primarily global brand name manufacturers and original equipment manufacturers in the home appliances, industrial products, and automotive industries, mainly based in the Asia Pacific Region.
Linkers Industries operates manufacturing facilities in Malaysia and has established a strong reputation for quality and reliability. The completion of the warrant exercise and reverse stock split positions the company for future growth, potentially enabling it to pursue larger contracts and expand its customer base. The additional capital may also support research and development efforts to innovate new harness solutions for emerging applications.
For more information about Linkers Industries, visit https://www.linkers-hk.com/. The full press release is available at https://ibn.fm/HPIAg.
