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Linkers Industries Announces Pricing of $16 Million Best Efforts Public Offering
Globenewswire· 2026-03-23 13:24
Core Viewpoint - Linkers Industries Limited has announced a public offering expected to generate approximately $16 million in gross proceeds, which will be utilized for acquisitions and operational purposes [1][4]. Group 1: Offering Details - The offering consists of 23,088,023 units, each unit comprising one Class A ordinary share or a pre-funded warrant, along with Series A and Series B Warrants [2]. - The purchase price for each unit is set at $0.693, while the pre-funded unit price is slightly lower at $0.693 minus $0.00001 [3]. - The Series A Warrants have an initial exercise price of $0.7277 and will expire one year after issuance, while the Series B Warrants have an exercise price of $1.1781 and will also expire one year after issuance [2]. Group 2: Use of Proceeds - A portion of the net proceeds from the offering will be allocated to finance the potential acquisition of additional equity interests in LPW Electronics Co Ltd, where the company currently holds a 20% stake [4]. - The remaining funds will be used for capital expenditures, operational capacity, working capital, general corporate purposes, and potential future business combinations or acquisitions [4]. Group 3: Company Background - Linkers Industries Limited specializes in manufacturing and supplying wire and cable harnesses, with over 20 years of experience in the industry [8]. - The company serves global brand name manufacturers and original equipment manufacturers primarily in the home appliances, industrial products, and automotive sectors, focusing on the Asia Pacific region [8].