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Linkers Industries Limited Class A ( (LNKS) ) has shared an update.
On March 23, 2026, Linkers Industries Limited priced a best efforts public offering of 23,088,023 units, comprising Class A ordinary shares or pre-funded warrants and accompanying Series A and Series B warrants, for gross proceeds of about $16 million; the transaction closed on March 24, 2026, with the company expecting roughly $14 million in net proceeds after fees. The capital raise is earmarked in part to increase its stake in LPW Electronics Co., Ltd. beyond its current 20% holding and to fund capex, capacity expansion, working capital and future M&A, while complex warrant reset and cashless exercise features could significantly expand the share count, and governance shifted further as a March 24, 2026 subscription of 60,000,000 reclassified Class B shares left the controlling shareholder with about 70.8% of equity and 97.8% of voting power.
More about Linkers Industries Limited Class A
Linkers Industries Limited is a Malaysia-based manufacturer and supplier of customized wire and cable harnesses with more than 20 years of industry experience. The company serves global brand-name manufacturers and original equipment makers in home appliances, industrial products and automotive sectors, focusing primarily on customers in the Asia-Pacific region.
Average Trading Volume: 12,309,055
Technical Sentiment Signal: Sell
Current Market Cap: $467.5K
See more insights into LNKS stock on TipRanks’ Stock Analysis page.