Interlink Electronics Signs LOI for Strategic Acquisition of $33M Revenue Company
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Interlink Electronics has announced the execution of a non-binding Letter of Intent (LOI) for a strategic acquisition of a company that generated over $33 million in revenue and $4 million in EBITDA in 2025. This potential acquisition is highly material, as the target's revenue is significant compared to Interlink's current market capitalization. The proposed financing structure includes a combination of debt and equity, with the equity component valued based on market price but subject to a minimum of $5.00 per share, substantially above the current trading price of $2.83. This suggests a strong potential upside for existing shareholders if the deal closes. While the LOI is non-binding and subject to due diligence and definitive agreements, this represents a significant step towards expanding Interlink's capabilities in critical sectors like semiconductor and aerospace, aligning with its long-term strategic growth objectives. Investors will be watching for updates on due diligence completion and the signing of definitive agreements.
At the time of this announcement, LINK was trading at $2.83 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $56.1M. The 52-week trading range was $2.66 to $10.10. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.