Linkage Global Signs LOI for Up to $20M PIPE at Premium Pricing
UZX sits 39% above its 52-week low of $0.077 on elevated volume (11× avg).
Summary
Linkage Global signed a non-binding LOI with Capital Finance Limited for a two-tranche PIPE of up to $20M. The first $5M tranche is priced at the higher of $3.00/share or 105% of the prior close, a premium to the current $0.1068 price, which would limit dilution if completed. The second $15M tranche is contingent on signing an acquisition agreement for a target with an EV of $20M-$50M. This follows a series of dilutive financings and a proposed 23:1 reverse split; the premium pricing and strategic M&A intent are notable, but the LOI is non-binding and the second tranche is uncertain. Earliest first tranche close is Sep 30, 2026.
At the time of this announcement, UZX was trading at $0.11 on NASDAQ in the Finance sector, with a market capitalization of approximately $5.5M. The 52-week trading range was $0.08 to $3.10. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.