Linkers Industries Limited (NASDAQ: LNKS), a manufacturer and supplier of wire and cable harnesses, announced the pricing of a best-efforts public offering expected to generate approximately $16 million in gross proceeds. The offering consists of 23,088,023 units priced at $0.693 per unit, each comprising one Class A ordinary share (or pre-funded warrant) and accompanying Series A and Series B warrants. The closing is anticipated on or about March 24, 2026.
The company stated that a significant portion of the net proceeds will be used to support a potential increase in its equity stake in LPW Electronics Co. Ltd., where it currently holds a 20% interest. The remaining funds will be allocated to capital expenditures, working capital, and general corporate purposes. This strategic move underscores Linkers Industries' commitment to strengthening its position in the wire harness industry, which serves home appliances, industrial products, and automotive sectors.
Linkers Industries, with manufacturing operations in Malaysia and over 20 years of experience, provides customized wire harnesses for various applications and electrical designs. Its customer base includes global brand-name manufacturers and original equipment manufacturers primarily based in the Asia Pacific region. The additional capital from the offering could enhance its manufacturing capabilities and market reach.
For further details, the full press release is available at https://ibn.fm/ouEIX. More information about Linkers Industries can be found at https://www.linkers-hk.com/.
