Linkers Industries Limited Announces Receipt of Nasdaq Minimum Bid Price Deficiency Letter
Linkers Industries (Nasdaq: LNKS), a Malaysian manufacturer of wire/cable harnesses, has received a Nasdaq minimum bid price deficiency notice on March 10, 2025. The company's stock failed to maintain the required $1 minimum bid price between January 24 and March 7, 2025.
LNKS has been granted an initial 180-day compliance period until September 8, 2025 to regain compliance. If unsuccessful, the company may be eligible for an additional 180-day extension, provided it meets other Nasdaq Capital Market listing requirements and demonstrates intention to cure the deficiency, potentially through a reverse stock split.
The company, which serves global brand manufacturers and OEMs in home appliances, industrial products, and automotive industries across the Asia Pacific Region, is currently evaluating options to regain compliance, though success is not guaranteed.
Linkers Industries (Nasdaq: LNKS), un produttore malese di cablaggi e fasci di cavi, ha ricevuto un avviso di carenza del prezzo minimo di offerta Nasdaq il 10 marzo 2025. Le azioni della società non sono riuscite a mantenere il prezzo minimo richiesto di $1 tra il 24 gennaio e il 7 marzo 2025.
LNKS ha ricevuto un periodo di conformità iniziale di 180 giorni fino all'8 settembre 2025 per ripristinare la conformità. Se non avrà successo, la società potrebbe essere idonea per un ulteriore prolungamento di 180 giorni, a condizione che soddisfi altri requisiti di quotazione del Nasdaq Capital Market e dimostri l'intenzione di risolvere la carenza, potenzialmente attraverso uno scorporo azionario inverso.
La società, che serve produttori di marchi globali e OEM nel settore degli elettrodomestici, dei prodotti industriali e dell'industria automobilistica nella regione Asia-Pacifico, sta attualmente valutando opzioni per ripristinare la conformità, anche se il successo non è garantito.
Linkers Industries (Nasdaq: LNKS), un fabricante malayo de arneses de cables, ha recibido un aviso de deficiencia del precio mínimo de oferta de Nasdaq el 10 de marzo de 2025. Las acciones de la compañía no lograron mantener el precio mínimo requerido de $1 entre el 24 de enero y el 7 de marzo de 2025.
LNKS ha recibido un período de cumplimiento inicial de 180 días hasta el 8 de septiembre de 2025 para recuperar la conformidad. Si no tiene éxito, la compañía puede ser elegible para una extensión adicional de 180 días, siempre que cumpla con otros requisitos de cotización del Nasdaq Capital Market y demuestre su intención de subsanar la deficiencia, potencialmente a través de un desdoblamiento de acciones inverso.
La empresa, que atiende a fabricantes de marcas globales y OEM en electrodomésticos, productos industriales y la industria automotriz en la región de Asia-Pacífico, está evaluando actualmente opciones para recuperar la conformidad, aunque el éxito no está garantizado.
Linkers Industries (Nasdaq: LNKS), 말레이시아의 와이어/케이블 하니스 제조업체가 2025년 3월 10일에 나스닥 최소 입찰 가격 부족 통지를 받았습니다. 이 회사의 주가는 2025년 1월 24일부터 3월 7일 사이에 요구되는 $1의 최소 입찰 가격을 유지하지 못했습니다.
LNKS는 2025년 9월 8일까지 180일의 초기 준수 기간을 부여받아 준수를 회복할 수 있는 기회를 가집니다. 만약 성공하지 못할 경우, 이 회사는 추가 180일 연장 자격이 있을 수 있으며, 이는 나스닥 자본 시장의 다른 상장 요건을 충족하고 부족을 해결하려는 의도를 보여줄 경우 가능합니다. 이는 역주식 분할을 통해 이루어질 수 있습니다.
이 회사는 아시아 태평양 지역의 가전제품, 산업 제품 및 자동차 산업에서 글로벌 브랜드 제조업체 및 OEM에 서비스를 제공하며, 현재 준수를 회복하기 위한 옵션을 평가하고 있지만 성공이 보장되지는 않습니다.
Linkers Industries (Nasdaq: LNKS), un fabricant malais de faisceaux de câbles, a reçu un avis de carence concernant le prix d'offre minimum de Nasdaq le 10 mars 2025. L'action de la société n'a pas réussi à maintenir le prix d'offre minimum requis de 1 $ entre le 24 janvier et le 7 mars 2025.
LNKS a obtenu une période de conformité initiale de 180 jours jusqu'au 8 septembre 2025 pour retrouver la conformité. Si cela échoue, la société pourrait être éligible à une prolongation supplémentaire de 180 jours, à condition de répondre à d'autres exigences de cotation du Nasdaq Capital Market et de démontrer son intention de remédier à la carence, potentiellement par le biais d'un regroupement d'actions inversé.
L'entreprise, qui sert des fabricants de marques mondiales et des OEM dans les secteurs des appareils électroménagers, des produits industriels et de l'industrie automobile dans la région Asie-Pacifique, évalue actuellement des options pour retrouver la conformité, bien que le succès ne soit pas garanti.
Linkers Industries (Nasdaq: LNKS), ein malaysischer Hersteller von Kabelbäumen, hat am 10. März 2025 eine Benachrichtigung über die Nichterfüllung des Mindestgebots von Nasdaq erhalten. Die Aktien des Unternehmens konnten den erforderlichen Mindestgebotspreis von 1 $ zwischen dem 24. Januar und dem 7. März 2025 nicht halten.
LNKS wurde eine 180-tägige Frist zur Einhaltung bis zum 8. September 2025 gewährt, um die Einhaltung wiederherzustellen. Wenn dies nicht erfolgreich ist, könnte das Unternehmen für eine zusätzliche 180-tägige Verlängerung in Frage kommen, sofern es die anderen Anforderungen für die Nasdaq Capital Market-Listung erfüllt und die Absicht zeigt, die Nichterfüllung zu beheben, möglicherweise durch einen Aktiensplit.
Das Unternehmen, das globale Markenhersteller und OEMs in den Bereichen Haushaltsgeräte, Industrieprodukte und Automobilindustrie in der Region Asien-Pazifik bedient, bewertet derzeit Optionen zur Wiederherstellung der Einhaltung, obwohl der Erfolg nicht garantiert ist.
- 180-day compliance period granted with possibility of additional 180-day extension
- Company actively evaluating compliance options
- Stock price fell below $1 minimum bid requirement
- Risk of potential Nasdaq delisting if compliance not achieved
- May need to implement reverse stock split, potentially affecting share structure
Insights
Linkers Industries 's receipt of the Nasdaq minimum bid price deficiency notice is a significant regulatory concern that puts the company at risk of delisting if not resolved. The continued listing requirement mandates maintaining a share price above
While the company has been granted the standard 180-day compliance period (until September 8, 2025), this situation signals underlying market concerns about the company's valuation. With a current price of
The most common remedy for such situations is implementing a reverse stock split, which the company has indicated it may consider. However, reverse splits are often perceived negatively by the market as they don't address fundamental business issues.
Should LNKS fail to regain compliance and eventually face delisting from Nasdaq, the consequences would include reduced liquidity, decreased institutional investor interest, access to capital markets, and potentially further share price deterioration. The transition to OTC markets would significantly impact investor sentiment and trading dynamics.
This deficiency notice is especially concerning as small-cap manufacturers with predominantly Asia-Pacific operations often face elevated scrutiny from both investors and exchanges. While the company states it will "use all reasonable efforts" to achieve compliance, the lack of specific strategic plans in the announcement creates uncertainty about their path forward.
New York, March 13, 2025 (GLOBE NEWSWIRE) -- Linkers Industries Limited (Nasdaq: LNKS) (the “Company”), a manufacturer and a supplier of wire/cable harnesses with operation in Malaysia, today announced receipt of Nasdaq Minimum Bid Price Deficiency Letter.
On March 10, 2025, Linkers Industries Limited. (the “Company”) received a letter from the Listing Qualifications staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that based on the closing bid price of the Company for the period from January 24, 2025 to March 7, 2025, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of
Nasdaq has provided the Company with an 180 calendar days compliance period, or until September 8, 2025, in which to regain compliance with Nasdaq continued listing requirement. In the event that the Company does not regain compliance in the compliance period, the Company may be eligible for an additional 180 calendar days, should the Company meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and is able to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. However, if it appears that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company’s securities will be subject to delisting.
The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement.
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
FAQ
What is the deadline for LNKS to meet Nasdaq's minimum bid price requirement?
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