Core Points - Linkers Industries Limited has received a Nasdaq Minimum Bid Price Deficiency Letter due to its closing bid price falling below the required minimum of $1 per share from January 24, 2025, to March 7, 2025 [2] - The company has been granted a compliance period of 180 calendar days, until September 8, 2025, to regain compliance with Nasdaq's continued listing requirements [3] - If compliance is not achieved within the initial period, the company may be eligible for an additional 180 days, provided it meets other listing standards and intends to cure the deficiency, potentially through a reverse stock split [3] - The company is actively evaluating options to regain compliance and is committed to making reasonable efforts to meet Nasdaq's requirements [4] Company Overview - Linkers Industries Limited is a manufacturer and supplier of wire/cable harnesses with over 20 years of experience in the industry [5] - The company operates manufacturing facilities in Malaysia and serves global brand name manufacturers and original equipment manufacturers (OEMs) primarily in the home appliances, industrial products, and automotive sectors within the Asia Pacific Region [5]
Linkers Industries Limited Announces Receipt of Nasdaq Minimum Bid Price Deficiency Letter