Interlink Electronics announces conversion of Series A Preferred Stock

Interlink Electronics (LINK) announced the conversion of all outstanding shares of 8.00% Series A Convertible Preferred Stock pursuant to and in accordance with Section 7 of the Company’s Certificate of Designations, Preferences, Limitations Restrictions and Relative Rights of Series A Preferred Stock. Under Section 7 of the Certificate of Designations, the Company may elect to automatically convert all shares of Series A Preferred Stock into shares of Common Stock of the Company, par value $0.001 per share, at any time on or after April 22, 2022 if the closing price of the Common Stock equals or exceeds one hundred twenty percent of the Conversion Price, or $10.00 per share, for at least twenty Trading Days within a period of thirty consecutive Trading Days immediately preceding the business day on which the Company issues a press release announcing the mandatory conversion of Series A Preferred Stock. The foregoing Conversion Conditions have been satisfied, and thus each share of Series A Preferred Stock outstanding immediately prior to the Mandatory Conversion has, effective as of the issuance of this press release, been converted into three shares of Common Stock pursuant to and in accordance with Section 7 of the Certificate of Designations.