Linkers Industries Limited (NASDAQ: LNKS), a Malaysia-based manufacturer and supplier of wire and cable harnesses, announced today that all Series B cashless warrants issued in its March 2026 public offering have been fully exercised. The exercise, coupled with the company's 250-for-1 reverse share split effective April 6, 2026, results in Linkers Industries now having 1,521,376 Class A ordinary shares and 250,000 Class B ordinary shares issued and outstanding. This completes the conversion of zero exercise price warrants tied to its approximately $16 million financing.
The full exercise of the warrants indicates strong investor confidence in the company's prospects and provides Linkers with additional equity capital without further dilution beyond the already converted shares. The reverse stock split, which consolidated shares at a 250-for-1 ratio, was implemented to meet Nasdaq's minimum bid price requirement and to potentially attract a broader base of institutional investors. With the warrant exercise and reverse split now complete, Linkers Industries has a streamlined capital structure and a more stable share price foundation.
Linkers Industries has over 20 years of experience in the wire and cable harness industry, with manufacturing operations in Malaysia. The company supplies customized wire harnesses for various applications and electrical designs, serving global brand name manufacturers and original equipment manufacturers in the home appliances, industrial products, and automotive industries, primarily in the Asia Pacific region. The completion of the warrant exercise provides Linkers with additional financial flexibility to pursue growth opportunities, including potential expansion of its manufacturing capacity or investment in new technologies.
For more details on the announcement, refer to the full press release at https://ibn.fm/HPIAg. Information about Linkers Industries can be found on its website at https://www.linkers-hk.com/.
