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Linkers Industries Limited Receives Nasdaq Minimum Bid Price Deficiency Letter

Strategic Insights

— 1 min read

Linkers Industries Limited, a manufacturer and supplier of wire/cable harnesses with operations in Malaysia, has received a Nasdaq Minimum Bid Price Deficiency Letter. The letter, dated March 10, 2025, notified the company that its stock price had fallen below the minimum bid price of $1 per share, as required by Nasdaq Listing Rules 5550(a)(2). The company has 180 calendar days, or until September 8, 2025, to regain compliance. However, on September 9, 2025, the company received an additional 180 calendar day extension, until March 9, 2026. If compliance is not achieved, the company's securities may be delisted. Despite efforts to regain compliance, there is no assurance that the company will meet the requirements.

Key Takeaways:

  • Linkers Industries Limited received a Nasdaq Minimum Bid Price Deficiency Letter on March 10, 2025, citing stock prices below the minimum bid price of $1 per share.
  • The company has 180 calendar days (until September 8, 2025) to regain compliance, with an additional 180 calendar day extension until March 9, 2026.
  • Failure to regain compliance may result in the delisting of the company's securities.
  • The company is evaluating options to regain compliance and intends to timely meet Nasdaq's continued listing requirement.
  • Linkers Industries Limited has over 20 years of experience in the wire/cable harnesses industry, with manufacturing operations in Malaysia and customization for various applications.
  • The company serves global brand name manufacturers and OEMs in the home appliances, industrial products, and automotive industries.

Statistics:

  • 180 calendar days: The initial compliance period granted to Linkers Industries Limited.
  • $1: The minimum bid price per share required by Nasdaq Listing Rules 5550(a)(2).
  • 20 years: The company's experience in the wire/cable harnesses industry.
  • March 10, 2025: The date the company received the Nasdaq Minimum Bid Price Deficiency Letter.
  • March 9, 2026: The new deadline granted to the company to regain compliance.

Sources:

  • GlobeNewswire, "Linkers Industries Limited Receives Nasdaq Minimum Bid Price Deficiency Letter" (2025-09-12).

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