Linkage Global signs non-binding LOI for private investment
Linkage Global signed a non-binding LOI for a private investment in public equity of up to USD 20 million from Capital Finance.
The PIPE would be a two-tranche issuance of newly issued Class A ordinary shares, with no warrants or other convertible securities tied to the transaction.
The first tranche is set at USD 5 million, priced at USD 3 per share or 105% of the prior close, whichever is higher, with a target close of Sept. 30, 2026.
The second tranche would be up to USD 15 million, triggered by an AI hardware acquisition agreement, and priced at USD 3 or 105% of the prior close.
Total shares issued across both tranches would be capped at 49% of then-outstanding Class A shares at the time of the second issuance.
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