Interlink Electronics Unveils Major Stock Dividend Announcement
Interlink Electronics Announces a 50% Stock Dividend
Interlink Electronics, Inc. (Nasdaq: LINK), a leader in sensor technology and printed electronic solutions, has recently revealed an exciting development for its stockholders. The company will issue a remarkable 50% common stock dividend, set to take place on October 28. Stockholders of record as of October 14 will benefit from this new initiative.
Impact of the Stock Dividend on Shareholders
This stock dividend is designed to be uniform, ensuring that all stockholders see similar effects without altering their percentage interest in the Company’s equity. However, in the case of fractional shares due to the dividend, stockholders will receive one complete share instead of a fractional one. This approach is taken to simplify the distribution process and make it easier for stockholders to understand their holdings.
Adjustments to Convertible Securities
Another important aspect of this stock dividend is how it will influence existing convertible securities. Their conversion ratios and prices will be adjusted accordingly by multiplying the number of shares by 1.5 and dividing the conversion price by 1.5. This process ensures that the market integrity of Interlink’s stock remains intact, and stockholders are treated fairly.
Expected Changes to Outstanding Shares
Following the completion of this dividend, Interlink Electronics anticipates its outstanding shares will increase to roughly 14,828,951. This increase reflects the committed growth and stability of the company, assuring stockholders that their investments are well-placed.
Guidance for Stockholders
For those stockholders holding shares in brokerage accounts, it is recommended to contact your broker for any questions regarding this stock dividend. If you hold shares directly, direct your inquiries to the Company’s transfer agent, Computershare, at the provided contact number.
About Interlink Electronics, Inc.
With 40 years of industry experience, Interlink Electronics has established itself as a trusted name in the market, delivering high-quality sensors and printed electronic solutions. The company serves various critical sectors, including medical, automotive, IoT, and industrial among others. Their commitment to innovation is evident in their ability to create tailored solutions, backed by a team of experts in materials science and manufacturing.
Global Presence and Facilities
Interlink’s operational strategy ensures it meets the needs of a global customer base from multiple locations. The company operates from its headquarters and production facility in Fremont, California. Additionally, they have a Global Product Development and Materials Science center in Camarillo, California, and advanced manufacturing facilities located in Shenzhen, China; Irvine, Scotland; and Barnsley, England.
Contact Information
If you have any questions regarding this announcement, you may reach out to the following:
Company Contact:
Interlink Electronics, Inc.
Steven N. Bronson, CEO
LINK@IESensors.com
805-623-4184
Investor Relations Contact:
Gateway Group, Inc.
Matt Glover and Clay Liolios
LINK@IESensors.com
949-574-3860
Frequently Asked Questions
What is the purpose of the 50% stock dividend?
The 50% stock dividend aims to reward stockholders and maintain their percentage ownership in the company while simplifying share distribution.
How will this affect existing stockholders?
Existing stockholders will benefit from an increase in their shareholding without any loss of ownership percentage due to the dividend.
What adjustments will be made to convertible securities?
Convertible securities will see adjustments where the number of shares convertible will be multiplied by 1.5, and their conversion prices will be divided by 1.5.
When will the dividend become effective?
The stock dividend will be effective on October 28, with stockholders of record as of October 14 eligible to receive the dividend.
Who can I contact for more information?
Stockholders can reach out to their brokers for queries, while direct stockholders can contact Computershare for information on the dividend.
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