Linkers Industries Limited (NASDAQ: LNKS), a manufacturer and supplier of wire and cable harnesses, has 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 expected on or about March 24, 2026.
The company stated that it intends to use the net proceeds to support a potential increase in its equity stake in LPW Electronics Co. Ltd., where it currently holds a 20% interest. The remaining proceeds will be allocated to capital expenditures, working capital, and general corporate purposes. This strategic move underscores Linkers Industries' commitment to expanding its footprint in the electronics manufacturing sector.
Linkers Industries, with manufacturing operations in Malaysia and over 20 years of experience in the wire and cable harness industry, provides customized wire harness solutions for various applications and electrical designs. Its customer base includes global brand name manufacturers and original equipment manufacturers in the home appliances, industrial products, and automotive industries, primarily based in the Asia Pacific region.
The offering is being conducted on a best-efforts basis, meaning the underwriters are not obligated to purchase any unsold securities. The company has filed a registration statement on Form F-1 with the Securities and Exchange Commission, which was declared effective on March 19, 2026. The offering is being made only by means of a prospectus.
For more details on the offering, the full press release is available at https://ibn.fm/ouEIX. Additional information about Linkers Industries can be found on its website at https://www.linkers-hk.com/.
This announcement is significant as it highlights Linkers Industries' efforts to strengthen its position in the electronics supply chain through strategic investment. By potentially increasing its stake in LPW Electronics, the company aims to enhance its vertical integration and capture additional value from the growing demand for electronic components. The timing of the offering also reflects the company's confidence in its growth prospects and its ability to access capital markets to fund expansion initiatives.
