Business Context and Reporting Period
Company: Interlink Electronics, Inc. (NASDAQ: LINK)
Filing Type: Form 8-K (Current Report)
Date of Report: May 15, 2025
Reporting Period: Event-based report regarding a material definitive agreement entered into on May 15, 2025.
Key Financial Metrics
This filing does not report historical financial performance metrics such as revenue, profit, cash flow, margins, or debt levels. The filing focuses exclusively on a new capital raising mechanism.
- Proposed Offering Size: Up to $6,000,000 in aggregate offering price.
- Security Type: Common Stock, $0.001 par value.
- Sales Agent: Lake Street Capital Markets, LLC.
- Commission: 3.0% of the gross sales price of shares sold.
Material Changes
The primary material change is the entry into an At-The-Market (ATM) Issuance Sales Agreement. This agreement allows the Company to offer and sell shares of its common stock from time to time through Lake Street Capital Markets, LLC, utilizing an existing shelf registration statement (File No. 333-283879) effective as of December 23, 2024.
Guidance, Outlook, and Management Commentary
Use of Proceeds: The Company intends to use net proceeds for working capital, capital expenditures, product development, and general corporate purposes. A portion may be used to finance potential acquisitions or investments in complementary businesses, though no specific commitments or agreements for such transactions currently exist.
Sales Method: Shares will be sold via "at-the-market offerings" as defined in Rule 415(a)(4) of the Securities Act of 1933. The sales agent is not required to purchase any shares or sell a specific number of shares but will use commercially reasonable efforts to sell shares as directed by the Company.
Risks and Contingencies: The filing notes that the description of the Sales Agreement is qualified by reference to the full text of the agreement filed as Exhibit 1.1. No specific financial risks or contingencies regarding the Company's operations are detailed in this specific report.
Investor Verification Checklist
- Verify the current market price of LINK stock to assess potential dilution from the $6,000,000 ATM offering.
- Review the full text of the At-The-Market Issuance Sales Agreement (Exhibit 1.1) for specific termination rights and conditions.
- Confirm the status of the underlying shelf registration statement (File No. 333-283879) to ensure it remains effective.
- Monitor future filings for actual sales activity and the specific allocation of proceeds between working capital and potential acquisitions.