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. 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. This reflects the completion of the zero exercise price warrant conversion tied to its approximately $16 million financing.
The full exercise of the warrants underscores investor confidence in the company's growth trajectory and its ability to execute on its business strategy. As a result of the warrant exercise and reverse stock split, the company's share structure has been streamlined, which may enhance the stock's appeal to institutional investors and improve liquidity. The reverse split consolidates existing shares, potentially lifting the stock price to meet listing requirements or attract a broader investor base.
Linkers Industries specializes in customized wire harnesses for home appliances, industrial products, and automotive sectors. With over 20 years of experience, the company serves global brand name manufacturers and original equipment manufacturers primarily in the Asia Pacific region. The completion of this financing and warrant exercise provides Linkers with additional capital to expand its manufacturing operations in Malaysia and pursue growth opportunities.
The announcement is significant for investors as it marks the final step in the company's capital-raising efforts, eliminating potential dilution from outstanding warrants. The reverse split also aligns with Nasdaq listing standards, ensuring continued compliance. For more details, refer to the full press release here.
About Linkers Industries: The company is a manufacturer and supplier of wire/cable harnesses with manufacturing operations in Malaysia and more than 20 years of experience. It offers customized harnesses for different applications and electrics designs. For more information, visit their website.
