Linkers Industries Prices $16M Equity and Warrant Offering at $0.693 Unit Price
Linkers Industries priced 23,088,023-unit best-efforts offering at $0.693 per unit, generating approximately $16 million gross. Each unit comprises a Class A share and Series A and B warrants exercisable at $0.7277 and $1.1781, with proceeds earmarked for a potential LPW Electronics stake acquisition, capex and working capital.
1. Public Offering Details
Linkers Industries Limited has priced a best-efforts public offering of 23,088,023 units at $0.693 per unit, generating approximately $16 million in gross proceeds. The offering is expected to close on or about March 24, 2026, with Univest Securities acting as sole placement agent.
2. Unit and Warrant Structure
Each unit consists of one Class A ordinary share or a pre-funded warrant in lieu thereof, one Series A warrant exercisable at $0.7277 and one Series B warrant exercisable at $1.1781; all warrants are immediately exercisable and expire one year from issuance.
3. Use of Proceeds
Linkers Industries plans to allocate a portion of net proceeds towards acquiring additional equity interests in LPW Electronics Co Ltd—boosting its current 20% stake—and will deploy the remainder for capital expenditures, operating capacity expansion, working capital, general corporate purposes and potential future acquisitions.