Linkers Industries Limited Announced Closing of Initial Public Offering
06 Dezembro 2024 - 1:00PM
Linkers Industries Limited (Nasdaq: LNKS) (the “Company”), a
manufacturer and a supplier of wire/cable harnesses with operation
in Malaysia, today announced the closing of its initial public
offering (the “Offering”) of 1,900,000 Class A ordinary shares
(“Class A Ordinary Shares”), at a price of $4.00 per Ordinary Share
(the “Offering Price”). The Class A Ordinary Shares began trading
on the Nasdaq Capital Market on December 5, 2024 under the symbol
“LNKS”.
The aggregate gross proceeds from the Offering
were $7.6 million, before deducting underwriting discounts and
other related expenses. The Company intends to use the net proceeds
to acquire companies and/or form joint ventures within the value
chain of the wire/cable harnesses industry; to purchase
machinery/equipment; to promote marketing and set up global sales
offices, particularly in the U.S.; and to fund working capital.
In addition, the Company has granted the
underwriters a 45-day option to purchase up to an additional
285,000 Ordinary Shares, at the Offering Price, less underwriting
discounts.
The Offering was conducted on a firm commitment
basis. R. F. Lafferty & Co., Inc., acted as the representative
of the underwriters, with Revere Securities LLC acted as
co-underwriter, (collectively, the “Underwriters”). Loeb &
Loeb LLP acted as U.S. legal counsel to the Company and VCL Law LLP
acted as U.S. legal counsel to the Underwriters for the
Offering.
A registration statement on Form F-1 (File No.
333-279752), relating to the Offering has been filed with the U.S.
Securities and Exchange Commission (the “SEC”) on September 30,
2024. The Offering was made only by means of a prospectus. A final
prospectus relating to the Offering was filed with the SEC on
December 5, 2024 and is available on the SEC’s website at
www.sec.gov. Alternatively, electronic copies of the final
prospectus relating to this Offering may be obtained, from R. F.
Lafferty & Co., Inc., by email
at offerings@rflafferty.com, by standard mail to R. F.
Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY
10005 USA, or from Revere Securities LLC by email
at contact@reveresecurities.com, by standard mail to Revere
Securities LLC, 560 Lexington Avenue, 16th Floor, New York, NY
10022, or by telephone at +1 (212) 688-2350.
Before you invest, you should read the prospectus and other
documents the Company has filed or will file with the SEC for more
information about the Company and the Offering.
This press release has been prepared for
informational purposes only and shall not constitute an offer to
sell or the solicitation of an offer to buy any of the Company’s
securities, nor shall there be any offer, solicitation or sale of
any of the Company’s securities any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
state or jurisdiction.
About Linkers Industries Limited
Linkers Industries Limited is a manufacturer and
a supplier of wire/cable harnesses with manufacturing operations in
Malaysia and have more than 20 years’ experience in the wire/cable
harnesses industry. The Company offers customized wire harness for
different applications and electrics designs. Our customers are
generally global brand name manufacturers and original equipment
manufacturers (“OEMs”) in the home appliances, industrial products
and automotive industries that are mainly based in the Asia Pacific
Region.
For more information, visit the Company’s
website at www.linkers-hk.com.
FORWARD-LOOKING STATEMENTS
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations, and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. The Company cautions investors that actual results may
differ materially from the anticipated results and encourages
investors to read the risk factors contained in the Company’s final
prospectus and other reports it files with the SEC before making
any investment decisions regarding the Company’s securities. The
Company undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law.
Contacts
Linkers Industries Limited Investor Relations Contact:
Lot A99, Jalan 2A-3, A101 & A102, Jalan 2A, Kawasan
Perusahaan MIEL Sungai Lalang, 08000 Sungai Petani, Kedah Darul
Aman, Malaysia Tel : +60 4 4417802 Email:
linkers.ir@linkers-hk.com
Linkers Industries (NASDAQ:LNKS)
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