Linkers Industries Limited’s Lock-Up Period Set To Expire on June 3rd (NASDAQ:LNKS)

Linkers Industries’ (NASDAQ:LNKS) lock-up period will end on Tuesday, June 3rd. Linkers Industries had issued 1,900,000 shares in its public offering on December 5th. The total size of the offering was $7,600,000 based on an initial share price of $4.00. After the end of Linkers Industries’ lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Linkers Industries Stock Performance

LNKS stock opened at $0.65 on Tuesday. The stock’s 50 day moving average price is $0.58. Linkers Industries has a fifty-two week low of $0.45 and a fifty-two week high of $10.27.

Hedge Funds Weigh In On Linkers Industries

A hedge fund recently bought a new stake in Linkers Industries stock. Capstone Financial Advisors Inc. purchased a new stake in Linkers Industries Limited (NASDAQ:LNKS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $27,000. Capstone Financial Advisors Inc. owned about 0.18% of Linkers Industries as of its most recent SEC filing.

About Linkers Industries

Linkers Industries Ltd. is a holding company, which engages in the business of manufacturing, supplying, and selling connectors, assemblies, wire, and cable harnesses. It operates through the following geographical segments: Thailand, Malaysia, Switzerland, the United States of America, and Others. The company was founded on December 8, 2022 and is headquartered in Sungai Petani, Malaysia.