Linkage Global Enters Non-Binding LOI for Potential $20 Million PIPE Investment
Linkage Global has signed a non-binding letter of intent (LOI) with Capital Finance Limited for a potential two-tranche private investment in public equity (PIPE) deal worth up to $20 million. The first tranche, valued at $5 million, is set to close by September 30, 2026, contingent on reaching a definitive agreement and meeting closing conditions. This portion would involve issuing Class A ordinary shares priced higher of either $3.00 per share or 105% of the stock's price before closing. The second tranche of up to $15 million is conditional upon identifying an AI hardware manufacturing acquisition target with a valuation between $20 million and $50 million, followed by executing an acquisition agreement within 30 business days after the first close. The deal does not include convertible securities but will issue new shares, potentially diluting existing shareholders. The LOI is non-binding, meaning there are no guarantees that definitive agreements or closings for either tranche will occur.
Tickers: $LGCB
Topics: AI hardware manufacturing equity financing PIPE investment