SUNGAI PENTANI, Malaysia, March 23, 2026 (GLOBE NEWSWIRE) -- via IBN -- Linkers Industries Limited (NASDAQ:LNKS) (the "Company"), a manufacturer and supplier of wire and cable harnesses with operations in Malaysia, today announced the pricing of a best efforts public offering with gross proceeds to the Company of approximately $16 million, before deducting placement agent fees and other estimated expenses payable by the Company.

The offering is comprised of 23,088,023 units consisting of one of the Company's Class A ordinary shares ("Ordinary Shares") (or a pre-funded warrant to purchase one Ordinary Share in lieu thereof), one Series A Warrant to purchase one Ordinary Share at an initial exercise price of $0.7277 per share (the "Series A Warrants") and one Series B Warrant to purchase one Ordinary Share at an initial exercise price of $1.1781 per share (the "Series B Warrants" and, together with the Series A Warrants, the "Warrants"). The pre-funded warrants are exercisable immediately upon issuance and expire when exercised in full. The Series A Warrants are exercisable immediately upon issuance and will expire on the one-year anniversary of their issuance date and the Series B Warrants are exercisable immediately upon issuance and will expire on the one-year anniversary of their issuance date.

The purchase price of each unit is $0.693, and the purchase price of each pre-funded unit is such price minus $0.00001. The Ordinary Shares, pre-funded warrants, Series A Warrants and Series B Warrants as part of the units or the pre-funded units are being sold together but are immediately separable and issued separately.

The Company intends to use a portion of the net proceeds to finance its potential acquisition of additional equity interests in LPW ...