Material Modification to Rights of Security Holders · Other Events
Item 3.03. Material Modification to Rights of Security Holders. As previously disclosed, Interlink Electronics, Inc. (the “Company”) previously issued and sold shares of the Company’s 8.00% Series A Convertible Preferred Stock, par value $0.01 per share (the “Series A Preferred Stock”), in connection with a private placement that closed on October 22, 2021.…
Filed Oct 15, 2025Accepted Oct 15, 2025, 12:05 PM EDTCIK 828146Accession 0001104659-25-099724
Interlink Electronics is a leading provider of sensors and printed electronic solutions, boasting 40 years of success in delivering mission-critical technologies across diverse markets. Our customers, including global blue-chip companies, trust our products and solutions, which span various markets, including medical, industrial, automotive, wearables, IoT, and other specialty markets. Our expertise in materials science, manufacturing, embedded electronics, firmware, and software enables us to create custom solutions tailored to our customers’ unique needs.
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Item 3.03Item 3.03 - Material Modification to Rights
Item 3.03. Material Modification to Rights of Security Holders.
As previously disclosed, Interlink
Electronics, Inc. (the “Company”) previously issued and sold shares of the Company’s 8.00% Series A Convertible
Preferred Stock, par value $0.01 per share (the “Series A Preferred Stock”), in connection with a private placement that
closed on October 22, 2021. Each share of Series A Preferred Stock is convertible into three shares of the Company’s Common
Stock. Pursuant to the Company’s Certificate of Designations, Preferences, Limitations Restrictions and Relative Rights of Series A
Preferred Stock (the “Certificate of Designations”), subject to certain exceptions and limitations, the Company has the right
to direct the mandatory conversion (the “Mandatory Conversion”) of the Series A Preferred Stock in certain events, including
in the event that the closing price of the Common Stock closes at or above one hundred twenty percent (120%) of the Conversion Price (as
defined in the Certificate of Designations), or $10.00 per share, for twenty (20) trading days within a period of thirty (30) consecutive
trading days ending on the business day immediately prior to the Mandatory Conversion Notice Date (as defined below).
On October 15, 2025 (the
“Mandatory Conversion Notice Date”) the Company converted all shares of Series A Preferred Stock into shares of Common
Stock, pursuant to and in accordance with Section 7 of the Certificate of Designations.
The foregoing summary of the
Certificate of Designations does not purport to be complete and is subject to, and qualified in its entirety by, such document attached
as Exhibit 3.1 to the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on October 25,
2021, and such document attached as Exhibit 3.1 to the Company’s Current Report on Form 8-K, filed with the Securities
and Exchange Commission on November 23, 2021, each of which is incorporated herein by reference.
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events
On October 15, 2025,
the Company issued a press release announcing the Mandatory Conversion, a copy of which is attached as Exhibit 99.1 to this Current
Report on Form 8-K and is incorporated herein by reference.
Filed exhibits (1)
EX-99.1 (by filename) tm2528751d1_ex99-1.htm
EX-99.1
2
tm2528751d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Interlink Electronics Announces Conversion of
Series A Preferred Stock to Common Stock
FREMONT, Calif., October 15, 2025 (GLOBE
NEWSWIRE) -- Interlink Electronics, Inc. (Nasdaq: LINK) (the “Company”), a global leader in sensor technology
and printed electronic solutions, announced today the conversion (the “Mandatory Conversion”) of all outstanding shares of
8.00% Series A Convertible Preferred Stock (the “Series A Preferred Stock”) pursuant to and in accordance with Section 7
of the Company’s Certificate of Designations, Preferences, Limitations Restrictions and Relative Rights of Series A Preferred
Stock (as amended, the “Certificate of Designations”).
Under Section 7 of the Certificate of Designations,
the Company may elect to automatically convert all shares of Series A Preferred Stock into shares of Common Stock of the Company,
par value $0.001 per share (“Common Stock”), at any time on or after April 22, 2022 if the closing price of the Common
Stock equals or exceeds one hundred twenty percent (120%) of the Conversion Price (as defined in the Certificate of Designations), or
$10.00 per share, for at least twent…
