Equity OfferingApr 10, 2026, 09:02 AM
Linkers Industries Completes Full Exercise of Series B Cashless Warrants, Resulting in 1.52M Class A Shares Outstanding
AI Summary
Linkers Industries Limited announced the full exercise of all Series B cashless warrants, which were originally issued in the company's March 2026 public offering that raised approximately $16 million in gross proceeds. The warrants were exercised using a "zero exercise price" option, finalizing a component of the recent capital raise. This event, combined with a 250-for-1 reverse share split effective April 6, 2026, clarifies the company's current share structure for investors.
Key Highlights
- All Series B cashless warrants to purchase Class A ordinary shares have been fully exercised.
- The warrants originated from the Company's March 2026 public offering, which generated approximately $16 million in gross proceeds.
- The exercise was completed via the "zero exercise price" option included in the warrants.
- Following the full exercise and a 250-for-1 reverse share split effective April 6, 2026, Linkers Industries now has 1,521,376 Class A Ordinary Shares and 250,000 Class B ordinary shares issued and outstanding.