Linkers Industries Limited Announces Pricing of Initial Public Offering and Listing on Nasdaq
05 Décembre 2024 - 2:31PM
Linkers Industries Limited (Nasdaq: LNKS) (the “Company”), a
manufacturer and a supplier of wire/cable harnesses with operation
in Malaysia, today announced the pricing of its initial public
offering (the “Offering”) of 1,900,000 Class A ordinary shares (the
“Class A Ordinary Shares”), at a price of $4.00 per Ordinary Share
(the “Offering Price”). The Class A Ordinary Shares are expected to
begin trading on the Nasdaq Capital Market on December 5, 2024
under the symbol “LNKS”.
The Offering is expected to close on December 6,
2024, subject to the satisfaction of customary closing conditions.
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 Class A Ordinary Shares of the Company, at the Offering
Price, less underwriting discounts.
The Offering is conducted on a firm commitment
basis. R. F. Lafferty & Co., Inc. is acting as the
representative of the underwriters, with Revere Securities LLC
acting as the co-underwriter (collectively, the “Underwriters”).
Loeb & Loeb LLP is acting as the U.S. legal counsel to the
Company and VCL Law LLP is acting as the U.S. legal counsel to the
Underwriters for the Offering.
The Offering is being conducted pursuant to the
Company’s Registration Statement on Form F-1 (File No. 333-279752),
as amended, previously filed with, and subsequently declared
effective by the U.S. Securities and Exchange Commission (the
“SEC”) on December 3, 2024. The Offering is being made only by
means of a prospectus, forming a part of the registration
statement. You may get these documents for free by visiting EDGAR
on the SEC Web site at www.sec.gov. Alternatively, electronic
copies of the prospectus relating to the Offering may be obtained,
when available, 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
registration statement, 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
securities, and no sale of these securities may be made in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or other 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.
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, including the trading of its
Ordinary Shares or the closing of the Offering. Investors can find
many (but not all) of these statements by the use of words such as
“approximates,” “believes,” “hopes,” “expects,” “anticipates,”
“estimates,” “projects,” “intends,” “plans,” “will,” “would,”
“should,” “could,” “may” or other similar expressions. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct. 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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