Linkers Industries Limited (NASDAQ: LNKS) announced that its board of directors has approved a 1-for-250 reverse share split of its Class A and Class B ordinary shares. The reverse split is scheduled to become effective on April 6, 2026, with post-split trading commencing under the same ticker symbol "LNKS" and a new CUSIP number.
The decision to implement the reverse share split is aimed at supporting the company's continued compliance with Nasdaq listing standards. By reducing the number of outstanding shares, the company hopes to increase the per-share trading price to meet Nasdaq's minimum bid price requirement. The reverse split will proportionally adjust the number of outstanding shares, par value, and the number of shares issuable upon exercise of warrants, while maintaining shareholder ownership percentages, except for adjustments related to fractional share rounding.
Linkers Industries Limited is a manufacturer and supplier of wire and cable harnesses, with manufacturing operations based in Malaysia. The company has more than 20 years of experience in the wire/cable harness industry and offers customized wire harness solutions for various applications and electrical designs. Its customer base includes global brand name manufacturers and original equipment manufacturers in the home appliances, industrial products, and automotive industries, primarily in the Asia Pacific region.
For further details, the full press release is available at https://nnw.fm/xD5yg. More information about Linkers Industries can be found on its website at https://www.linkers-hk.com/.
This corporate action is a strategic move to bolster the company's position on the Nasdaq exchange and ensure long-term listing viability. The reverse share split is expected to make the stock more attractive to institutional investors and improve its marketability. However, such actions do not change the fundamental value of the company and are typically undertaken to meet exchange requirements or to increase the stock price to a level that may attract a broader investor base.
Linkers Industries continues to focus on its core business of manufacturing wire and cable harnesses, serving a diverse range of industries. The company's experience and customized solutions position it well in the competitive landscape of the Asia Pacific region.
