Linkers Industries receives extension to meet Nasdaq minimum bid price

NEW YORK - Linkers Industries Limited (NASDAQ:LNKS), a Malaysia-based manufacturer of wire and cable harnesses with a market capitalization of $6.8 million, has received a 180-day extension from Nasdaq to regain compliance with the exchange’s minimum bid price requirement, according to a company press release. According to InvestingPro data, the company has been facing significant challenges, with its stock price declining 88% over the past year.

The extension gives Linkers until March 9, 2026, to meet Nasdaq’s requirement of maintaining a minimum bid price of $1 per share. The company initially received a deficiency notice on March 10, 2025, after its stock price fell below the threshold for the period from January 24 to March 7, 2025. The company’s current stock price of $0.50 reflects broader financial challenges, including negative EBITDA of $0.21 million in the last twelve months.

Linkers was originally given until September 8, 2025, to regain compliance. With the additional extension granted on September 9, the company now has more time to address the issue.

If Linkers fails to meet the requirement by the new deadline, Nasdaq staff will provide written notification that the company’s securities will be delisted, though Linkers would have the opportunity to appeal the decision to a Hearings Panel.

The company stated it is "currently evaluating options to regain compliance" but cautioned there is no guarantee it will succeed in meeting Nasdaq’s continued listing requirements.

Linkers Industries manufactures customized wire harnesses for various applications, serving global brand name manufacturers and original equipment manufacturers primarily in the home appliances, industrial products, and automotive industries throughout the Asia Pacific region. While the company maintains a strong liquidity position with a current ratio of 4.63 and more cash than debt on its balance sheet, InvestingPro analysis reveals additional insights about the company’s financial health and future prospects, with over 10 key investment tips available to subscribers.

In other recent news, Linkers Industries Ltd announced changes to its board of directors and committee assignments. The company reported the resignations of Ms. Carrie Chiu Ying Yu and Ms. Kelly Wai Yan Hui from their roles as independent directors. These resignations were effective at the close of business on Friday, as noted in a recent SEC filing. Ms. Yu also stepped down from the Compensation, Audit, and Nominating and Corporate Governance Committees. Additionally, Ms. Hui resigned as Chair of the Compensation Committee and as a member of the Audit and Nominating and Corporate Governance Committees. Both directors cited personal reasons for their departures, emphasizing that there was no disagreement with the company or its board. These board and committee changes are part of the company’s ongoing governance adjustments.

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