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 set to take effect, with post-split trading beginning on April 6, 2026, under the same ticker symbol "LNKS" and a new CUSIP number. The move is intended to support the company's continued compliance with Nasdaq's listing standards.
The reverse stock split will proportionally adjust the number of outstanding shares, par value, and the terms of the company's warrants. Importantly, shareholder ownership percentages will remain unchanged, except for adjustments related to fractional share rounding. This corporate action is a strategic measure to maintain the company's listing on the Nasdaq exchange, which often requires a minimum bid price and other quantitative criteria.
Linkers Industries, a manufacturer and supplier of wire and cable harnesses, operates manufacturing facilities in Malaysia and has over 20 years of experience in the industry. The company 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 located in the Asia Pacific region.
The reverse split is a common tactic for companies whose stock price has fallen below Nasdaq's minimum bid price requirement. By reducing the number of shares outstanding, the company aims to increase the per-share price, thereby meeting the exchange's listing standards. The adjustment to warrants ensures that holders will not be disadvantaged by the split.
For more details, view the full press release at https://nnw.fm/xD5yg. Additional information about Linkers Industries can be found on their website at https://www.linkers-hk.com/.
